Corus Entertainment Expands Interests in French-language Specialty Television Market through Major Deals with Bell and Shaw

Corus Entertainment Expands Interests in French-language Specialty Television 
Market through Major Deals with Bell and Shaw Media 
Acquisitions include TELETOON, Historia and Séries+; Ottawa-based Radio 
Stations CKQB-FM and CJOT-FM; and ABC Spark 
TORONTO, March 4, 2013 /CNW/ - Corus Entertainment Inc. (TSX: CJR.B) announced 
today that it has entered into a number of agreements with Bell and separately 
with Shaw Media, that extends Corus' portfolio of Radio assets into Ottawa, 
consolidates Corus' ownership of ABC Spark and TELETOON, and enables Corus 
to become a significant media contributor in the Québec and the 
French-language specialty television market. 
Corus has reached an agreement with Bell to acquire the 50% remaining 
ownership interest in TELETOON and two Ottawa-based radio stations, CKQB-FM 
(The Bear 106.9) and CJOT-FM (boom 99.7), that Bell will acquire as part of 
the acquisition of Astral Media Inc. pending regulatory approval. With these 
acquisitions, TELETOON, Télétoon (French), TELETOON Retro, Télétoon Rétro 
(French), Cartoon Network (Canada) and radio stations, CKQB-FM and CJOT-FM, 
will be wholly owned by Corus. In addition, Corus has reached an agreement 
with Bell and Shaw Media to acquire each of their respective 50% interests in 
the French-language specialty channels Historia and Séries+. Certain 
transactions are subject to approval by the Canadian Radio-television and 
Telecommunications Commission (CRTC) and the Competition Bureau. 
In a separate transaction, Corus has entered into an agreement with Shaw Media 
that will result in Corus acquiring the remaining 49% interest in the 
successful specialty television service ABC Spark from Shaw Media. As part of 
the agreement, Corus will sell its 20% interest in Food Network Canada to Shaw 
Media. 
"These transactions represent a transformative opportunity for Corus," said 
John Cassaday, President and Chief Executive Officer, Corus Entertainment. 
"The consolidation of TELETOON and the addition of the popular services 
Historia and Séries+ give Corus the scale to expand into the growing 
French-language specialty television market. As a well-capitalized company, 
Corus can contribute to the growth of this market and provide new 
opportunities for the production community, while adding greater diversity to 
the system and more choice to French-speaking audiences. 
The addition of the Ottawa radio stations, CKQB-FM and CJOT-FM, has been a 
long-standing goal and allows us to bring our skills and passion for radio to 
another major Canadian market, while delivering exceptional programming and 
local information to the Ottawa community. Finally, full ownership of ABC 
Spark, based on the highly successful ABC Family channel in the U.S., and now 
widely distributed across Canada, represents an excellent growth opportunity 
for Corus." 
The combined acquisition price for these assets is $494 million Cdn. The 
overall transaction is valued at an LTM EBITDA multiple of 10.4x. 
A conference call with Corus senior management to discuss these transactions 
is scheduled for Tuesday, March 5, 2013 at 8:30 a.m. ET. While this call is 
directed at analysts and investors, members of the media are welcome to listen 
in. The dial‐in number for the conference call for North America is 
1.800.926.5230 and for local/international callers is 416.981.9020. PowerPoint 
slides for the call will be posted 15 minutes prior to the start of the call 
and can be found on the Corus Entertainment website at www.corusent.com in the 
Investor Relations section. 
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), ABC Spark, W Network, OWN: Oprah 
Winfrey Network (Canada), CosmoTV, Sundance Channel (Canada), Movie Central, 
HBO Canada, Nelvana, Kids Can Press, Toon Boom and 37 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. 
Follow CorusPR on Twitter@CorusPR 
For more information, please contact: 
Sally Tindal Director, Corporate Communications Corus Entertainment 
416.479.6107 sally.tindal@corusent.com 
Annick Bélanger Vice President Casacom 514.286.2145 abélanger@casacom.ca 
SOURCE: Corus Entertainment Inc. 
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CO: Corus Entertainment Inc.
ST: Ontario
NI: ENT TVNEWS VNT MNA  
-0- Mar/04/2013 21:38 GMT
 
 
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