Corus Entertainment Declares Monthly Dividend for Class A and Class B Shareholders

    Corus Entertainment Declares Monthly Dividend for Class A and Class B
                                 Shareholders

PR Newswire

TORONTO, April 11, 2013

TORONTO, April 11, 2013 /PRNewswire/ - Corus Entertainment Inc. (TSX: CJR.B)
announced today that its Board of Directors has declared monthly dividends of
$0.084583 per Class A Share and $0.085 per Class B Share payable on each of
May 31, 2013, June 28, 2013 and July 31, 2013 to shareholders of record at the
close of business on May 15, 2013, June 14, 2013 and July 15, 2013,
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.

Registered shareholders who are residents of Canada and who are not  currently 
participating in Corus' Dividend Reinvestment  Plan ("the Plan") may elect  to 
participate in the Plan through the completion of an enrollment form which can
be obtained from the Company's  plan administrator, CIBC Mellon Trust  Company 
c/o  Canadian   Stock   Transfer   Company   Inc.,   on   their   website   at 
www.canstockta.com or  by calling  1.800.387.0825.  The Plan  allows  eligible 
holders of Class A  Shares and Class  B Shares to  acquire additional Class  B 
Shares through reinvestment  of the  cash dividends paid  on their  respective 
shareholdings. Non-registered  beneficial shareholders  who are  residents  of 
Canada and who wish  to join the Plan  should consult their broker,  financial 
institution or other intermediary  through which they hold  Class A Shares  or 
Class B Shares.

At this  time,  Corus' Board  of  Directors  confirms that  the  Company  will 
continue to  issue shares  from treasury  at a  2% discount  from the  average 
market price to  Plan participants of  record, as determined  pursuant to  the 
terms of the Plan.

There were 3,430,292 Class A Voting Shares outstanding and 80,591,249 Class  B 
Non-Voting Shares outstanding on March 31, 2013.

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), Cosmopolitan TV, 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.

SOURCE Corus Entertainment Inc.

Contact:

John Cassaday
President and Chief Executive Officer
Corus Entertainment Inc.
416.479.6018

Tom Peddie, FCA
Executive Vice President and Chief Financial Officer
Corus Entertainment Inc.
416.479.6080

Sally Tindal
Director, Communications
Corus Entertainment Inc.
416.479.6107
 
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