Corus Entertainment Provides Fiscal 2013 Guidance

Corus Entertainment Provides Fiscal 2013 Guidance


TORONTO, Nov. 29, 2012 /PRNewswire/ - Today Corus Entertainment Inc. (TSX: CJR.B) will present the Company's fiscal 2013 strategic
priorities and provide near-term financial guidance for the 2013 fiscal
year.



"Our powerful brands and continued focus on operational excellence and
cost control gives us confidence that we can continue to drive strong
Television and Radio margins in fiscal 2013," said John Cassaday,
President and Chief Executive Officer, Corus Entertainment.



"For fiscal 2013, we are targeting consolidated segment profit of $293
million to $303 million and free cash flow in excess of $140 million. 
We will continue to build our newer television service offerings, such
as ABC Spark and Oprah Winfrey Network, introduce new and innovative
products, maintain our focus on generating sustainable free cash flow
and return cash to our shareholders," added Cassaday.



A presentation to analysts and investors will take place at 9 a.m. ET today. The live webcast of this presentation along with the
accompanying PowerPoint slides can be accessed through the Company's
website www.corusent.com in the Investor Relations section. The full webcast presentation and
PowerPoint slides will also be archived on the Company's website under
"Investor Relations".



Corus Entertainment Inc. reports in Canadian dollars.


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, children's animation and animation
software.  The Company's multimedia entertainment brands include YTV,
Treehouse, Nickelodeon (Canada), ABC Spark, W Network, OWN: Oprah
Winfrey Network (Canada), CosmoTV, Sundance Channel (Canada), Movie
Central, HBO Canada, Nelvana, Kids Can Press, Toon Boom 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.


This press release contains forward-looking information and should be
read subject to the following cautionary language:

To the extent any statements made in this report contain information
that is not historical, these statements are forward-looking statements
and may be forward-looking information within the meaning of applicable
securities laws (collectively, "forward-looking statements").  These
forward-looking statements related to, among other things, our
objectives, goals, strategies, intentions, plans, estimates and
outlook, including advertising, distribution, merchandise and
subscription revenues, operating costs and tariffs, taxes and fees, and
can generally be identified by the use of the words such as "believe",
"anticipate", "expect", "intend", "plan", "will", "may" and other
similar expressions.  In addition, any statements that refer to
expectations, projections or other characterizations of future events
or circumstances are forward-looking statements.  Although Corus
believes that the expectations reflected in such forward-looking
statements are reasonable, such statements involve risks and
uncertainties and undue reliance should not be placed on such
statements.  Certain material factors or assumptions are applied in
making forward-looking statements, including without limitation factors
and assumptions regarding advertising, distribution, merchandise and
subscription revenues, operating costs and tariffs, taxes and fees and
actual results may differ materially from those expressed or implied in
such statements.  Important factors that could cause actual results to
differ materially from these expectations include, among other things:
our ability to attract and retain advertising revenues; audience
acceptance of our television programs and cable networks; our ability
to recoup production costs, the availability of tax credits and the
existence of co-production treaties; our ability to compete in any of
the industries in which we do business; the opportunities (or lack
thereof) that may be presented to and pursued by us; conditions in the
entertainment, information and communications industries and
technological developments therein; changes in laws or regulations or
the interpretation or application of those laws and regulations; our
ability to integrate and realize anticipated benefits from our
acquisitions and to effectively manage our growth; our ability to
successfully defend ourselves against litigation matters arising out of
the ordinary course of business;  and changes in accounting standards.
Additional information about these factors and about the material
assumptions underlying such forward-looking statements may be found in
our Annual Information Form.  Corus cautions that the foregoing list of
important factors that may affect future results is not exhaustive. 
When relying on our forward-looking statements to make decisions with
respect to Corus, investors and others should carefully consider the
foregoing factors and other uncertainties and potential events. Unless
otherwise required by applicable securities laws, we disclaim any
intention or obligation to publicly update or revise any
forward-looking statements whether as a result of new information,
events or circumstances that arise after the date thereof or otherwise.

SOURCE Corus Entertainment Inc.

Corus Entertainment Inc.

CONTACT: John Cassaday 
President and CEO 
Corus Entertainment Inc. 
416.479.6018 

Tom Peddie  
Executive Vice President and CFO   
Corus Entertainment Inc.  
416.479.6080   

Sally Tindal 
Director, Communications 
Corus Entertainment Inc. 
416.479.6107 


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