Corus Entertainment Inc. News

Corus Entertainment declares monthly dividend for Class A and B shareholders

TORONTO, July 9 PRNewswire-FirstCall - Corus Entertainment Inc. (TSX: CJR.B; NYSE: CJR) announced today that its Board of Directors has declared monthly dividends of $0.049585 per Class A share and $0.05 per Class B share payable on each of August 29, 2008, September 30, 2008 and October 31, 2008 to shareholders of record at the close of business on August 15, 2008, September 15, 2008 and October 15, 2008 respectively.

The foregoing dividends are designated as "eligible" dividends for the purpose of the Income Tax Act (Canada) and any similar provincial legislation.

Corus' Board of Directors reviews the dividend on a quarterly basis. Shareholders are entitled to receive dividends only when any such dividends are declared by Corus' Board of Directors, and there is no entitlement to any dividend prior thereto.

There were 3,445,858 Class A Voting Shares outstanding and 78,617,924 Class B Non-Voting Shares outstanding on June 30, 2008.

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, advertising and digital audio services, television broadcasting, children's book publishing and children's animation. The company's multimedia entertainment brands include YTV, Treehouse, W Network, Movie Central, Nelvana, Kids Can Press and radio stations including CKNW, CKOI and Q107. Corus creates engaging branded entertainment experiences for its audiences across multiple platforms. A publicly traded company, Corus is listed on the Toronto (CJR.B) and New York (CJR) exchanges. Experience Corus on the web at www.corusent.com.

SOURCE News - Media

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