Corus Entertainment Receives CRTC Approval on the Acquisition of Ottawa Radio Stations CKQB-FM and CJOT-FM

Corus Entertainment Receives CRTC Approval on the Acquisition of Ottawa Radio Stations CKQB-FM and CJOT-FM


TORONTO, Jan. 28, 2014 /PRNewswire/ - Today, Corus Entertainment Inc. ("Corus" or "the Company") (TSX:CJR.B) announced that the Canadian
Radio-television and Telecommunications Commission ("CRTC") has
approved the Company's acquisition of the Ottawa radio stations CKQB-FM
(106.9 The BEAR) and CJOT-FM (boom 99.7). The acquisition will close on
January 31, 2014.



"We are pleased with the CRTC's decision and excited about Corus' entry
into the fourth largest English radio market in Canada," said John
Cassaday, President and Chief Executive Officer. "Operating in Ottawa has been a long-stated goal for Corus and the
acquisition of CKQB-FM and CJOT-FM strengthens our position in Canada's
major markets."



Corus has established a Montreal-based management team led by Mario
Cecchini, President, Corus Média & Head of Eastern Ontario, Radio and
Television. In addition to overseeing Corus' Quebec-based specialty
services, Mr. Cecchini will also be responsible for Corus' eastern
Ontario radio and local television stations, including the Ottawa radio
stations.



The purchase price for both stations is $13 million Cdn. Corus has
committed to investing approximately $1 million Cdn. in tangible
benefits for radio content development, support for Canadian talent,
and training initiatives.


About Corus Entertainment Inc.

Corus Entertainment Inc. is a Canadian-based media and entertainment
company that creates, broadcasts and licenses content across a variety
of platforms for audiences around the world. The Company's portfolio of
multimedia offerings encompasses specialty television and radio with
additional assets in pay television, television broadcasting,
children's book publishing, children's animation and animation
software. Corus' brands include YTV, TELETOON, ABC Spark, W Network,
OWN: Oprah Winfrey Network (Canada), HBO Canada, Historia and Séries+,
as well as Nelvana, Kids Can Press, Toon Boom and 37 radio stations
including CKNW AM 980, 99.3 The FOX, Country 105, 630 CHED, Fresh FM
London, Q107 and 102.1 the Edge. 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: Follow CorusPR on Twitter @CorusPR For further information, please contact: Sally Tindal     
Corus Entertainment Inc.     
416.479.6107     
sally.tindal@corusent.com   Magda Krpan  
Corus Entertainment 
416.479.6054 
magda.krpan@corusent.com


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