Corus Entertainment Receives Competition Bureau Clearance to Acquire TELETOON, Historia and Séries+

Corus Entertainment Receives Competition Bureau Clearance to Acquire TELETOON,
                             Historia and Séries+

PR Newswire

TORONTO, March 18, 2013

TORONTO, March 18, 2013 /PRNewswire/ - On Friday, March 15, Corus
Entertainment Inc. (TSX: CJR.B) received clearance from the Competition
Bureau, with the issuance of the appropriate no action letter, to proceed with
the transactions between Corus and Bell. Pursuant to these transactions,
Corus will acquire the 50% remaining ownership interest in TELETOON which
includes the services TELETOON, Télétoon (French), TELETOON Retro, Télétoon
Rétro (French) and Cartoon Network (Canada), as well as the 50% ownership
interests in the French-language specialty channels, Historia and Séries+,
that Bell will acquire as part of the acquisition of Astral Media Inc.

Corus has also entered into an agreement  with Bell to acquire the two  Ottawa 
radio stations, CKQB-FM and CJOT-FM, that Bell will own upon the completion of
the Astral transaction. In separate agreements between Corus and Shaw  Media, 
Corus will acquire Shaw  Media's 50% interest in  Historia and Séries+,  which 
will result  in  both  services being  wholly  owned  by Corus.  All  of  the 
foregoing transactions require approval  by the Canadian Radio-television  and 
Telecommunications Commission (CRTC).

Corus will also  acquire from  Shaw Media the  remaining 49%  interest in  the 
successful specialty service ABC Spark and Corus will sell its 20% interest in
Food Network Canada to Shaw Media.

"Clearance from the Competition Bureau is very positive news and is the  first 
step in the completion of these transformational transactions for Corus," said
John Cassaday, President  and Chief Executive  Officer, Corus  Entertainment. 
"These  acquisitions  give  Corus  the  scale  to  expand  into  the   growing 
French-language television market, providing greater diversity and more choice
in the system.  As well, it  consolidates the ownership  of TELETOON and  ABC 
Spark within Corus' portfolio of branded specialty channels and provides entry
into another major Canadian radio market."

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

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.

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SOURCE Corus Entertainment Inc.


Sally Tindal
Director, Corporate Communications
Corus Entertainment

Annick Bélanger
Vice President
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