H&R REIT acquires Corus Quay from Corus Entertainment

H&R REIT acquires Corus Quay from Corus Entertainment

TORONTO, March 12, 2012 /PRNewswire/ - Corus Entertainment Inc. (TSX: CJR.B) exercised its right to acquire the Corus Quay building
from Toronto Port Lands Company ("TPLC") and subsequently has sold the
building to H&R REIT for the same cash consideration.

As part of the agreement, the long-term lease has been restructured on
terms favourable to both parties. Under those terms, Corus
Entertainment will extend the original 20-year lease term, with options
to renew its lease for an additional 20 years.

About Corus Entertainment Inc.

Corus Entertainment Inc. is a Canadian-based media and entertainment
company. Corus is a market leader in specialty television and radio
with additional assets in pay television, television broadcasting,
children's book publishing and children's animation. The Company's
multimedia entertainment brands include YTV, Treehouse, Nickelodeon
(Canada), W Network, OWN: Oprah Winfrey Network (Canada), CosmoTV,
Sundance Channel (Canada), Movie Central, HBO Canada, Nelvana, Kids Can
Press and radio stations including CKNW AM 980, 99.3 The FOX, Country
105, 630 CHED, Q107, and 102.1 the Edge. Corus creates engaging branded
entertainment experiences for its audiences across multiple platforms.
A publicly traded company, Corus is listed on the Toronto Stock
Exchange (CJR.B). Experience Corus on the web at www.corusent.com.

About H&R REIT

H&R REIT is an open-ended real estate investment trust, which owns a
North American portfolio of 40 office, 117 industrial and 133 retail
properties comprising over 43 million square feet, with a net book
value of approximately $6.0 billion. The foundation of H&R REIT's
success since inception in 1996 has been a disciplined strategy that
leads to consistent and profitable growth. H&R REIT leases its
properties long term to creditworthy tenants and strives to match those
leases with primarily long-term, fixed-rate financing.

SOURCE Corus Entertainment Inc.

Corus Entertainment Inc.

CONTACT: Sally Tindal  
Communications, Corus Entertainment  
416.479.6107  
sally.tindal@corusent.com

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