Corus Entertainment Announces Fiscal 2013 Fourth Quarter and Year-End Results

Corus Entertainment Announces Fiscal 2013 Fourth Quarter and Year-End Results

PR Newswire

TORONTO, Oct. 24, 2013

  *Specialty advertising revenues up 6% in the quarter and 2% for the fiscal
    year
  *Consolidated segment profit down 11% in the quarter and 7% for the fiscal
    year
  *Strong segment profit margins for Television (40%) and Radio (30%) for the
    fiscal year
  *Basic earnings per share attributable to shareholders up 7% for the fiscal
    year
  *Free cash flow of $154 million for the fiscal year

TORONTO, Oct. 24, 2013 /PRNewswire/ - Corus Entertainment Inc. (TSX: CJR.B)
announced its fourth quarter and year-end financial results today.

"Fiscal 2013 was  a challenging  year, but  we made  progress on  a number  of 
fronts, creating the foundation for  strong growth moving forward," said  John 
Cassaday, President and  Chief Executive Officer  of Corus Entertainment.  "We 
were pleased to see an increase in specialty advertising revenue across all of
our core Television networks, ongoing ratings momentum, and continued gains in
our Pay  television  business.  These  gains  were  offset  by  a  decline  in 
thefourth quarter  in our  Radio  division and  higher corporate  costs.  Our 
outlook for 2014 is positive  and the fundamentals are  in place for a  strong 
year ahead. The recent reorganization of our leadership team will support  our 
growth objectives and  we are  excited about  the significant  value that  our 
pending acquisitions will bring to the business."

Financial Highlights                                                   
                                    Three months ended       Year ended
                                        August 31,           August 31,
(unaudited - in thousands of                                      
Canadian dollars except per share
amounts)                                 2013      2012        2013       2012
Revenues                                                               
                 Television          149,622  147,874    619,850   650,949
                 Radio                44,012   47,750    183,691   191,327
                                     193,634  195,624    803,541   842,276
                                                                      
Segment profit ^(1)                                                    
                 Television           56,469   54,490    248,779   262,138
                 Radio                11,664   14,995     55,148    57,427
                 Corporate          (13,688)  (8,623)  (33,915)  (29,586)
                                      54,445   60,862    270,012   289,979
                                                                      
Net income attributable to                                        
shareholders                           11,879    23,341     159,895    148,681
Adjusted net income attributable to                               
shareholders ^(1) ^(2)                 25,816   31,519     138,573    158,556
                                                                      
                                                                      
Basic earnings per share               $ 0.14   $ 0.28     $ 1.91    $ 1.79
Adjusted basic earnings per share                                 
^(1) (2)                               $ 0.31    $ 0.38      $ 1.65     $ 1.90
Diluted earnings per share             $ 0.14   $ 0.28     $ 1.90    $ 1.78
                                                                      
Free cash flow ^(1)                    25,704   24,962    154,136   155,147
                                                                      

^(1) See definitions and discussion under Key Performance Indicators in MD&A.
^(2) For the year ended August 31, 2013, excludes the impact of $25.0 million
     ($0.22 per share) debt refinancing costs,
     gain on disposition of the Company's non-controlling interest in Food
     Network Canada of $55.4 million ($0.66 per share),
     broadcast license impairment of $5.7 million ($0.05 per share), business
     acquisition, integration and restructuring costs
     of $7.3 million ($0.06 per share) and investment impairment charges of
     $7.1 million ($0.07 per share).

Consolidated Results from Operations

Consolidated revenues for the three months  ended August 31, 2013 were  $193.6 
million, down 1% from $195.6  million last year. Consolidated segment  profit 
was $54.4 million, down  11% from $60.9 million  last year as Corporate  costs 
were up $5.1 million  due primarily to  achievement of performance  incentives 
and higher share-based compensation. Net income attributable to  shareholders 
for the quarter was  $11.9 million ($0.14 per  share basic and diluted),  down 
49% compared to $23.3 million ($0.28 per share basic and diluted) last  year. 
Net income attributable  to shareholders  for the fourth  quarter includes  an 
impairment charge related  to broadcast license  impairments of $5.7  million, 
business acquisition, integration and restructuring costs of $5.2 million  and 
investment impairment charges of $7.1  million. Removing the impact of  these 
items  results  in   adjusted  basic  earnings   per  share  attributable   to 
shareholders of $0.31 per  share in the quarter.  Net income attributable  to 
shareholders for the fourth quarter of the prior year includes a charge due to
an  income  tax  rate  change  of  $6.8  million  and  business   acquisition, 
integration and restructuring costs of  $1.8 million. Removing the impact  of 
these items results in  an adjusted basic earnings  per share attributable  to 
shareholders of $0.38 per share in the prior quarter.

Consolidated revenues for the year ended August 31, 2013 were $803.5  million, 
down 5% from $842.3 million last year. Consolidated segment profit was $270.0
million, down 7% from  $290.0 million last year.  Net income attributable  to 
shareholders for the year was $159.9 million ($1.91 per share basic and  $1.90 
per share diluted), up  8% compared to $148.7  million ($1.79 per share  basic 
and  $1.78  per  share  diluted)  last  year.  Net  income  attributable   to 
shareholders  for  the  current  fiscal  year  includes  a  charge  for   debt 
refinancing of $25.0 million,  the gain related to  the sale of the  Company's 
non-controlling interest in  Food Network Canada  of $55.4 million,  broadcast 
license impairments  of $5.7  million, business  acquisition, integration  and 
restructuring costs of $7.3 million and investment impairment charges of  $7.1 
million. Removing the impact of these items results in an adjusted net income
attributable to shareholders of $138.6 million ($1.65 basic earnings per share
attributable to shareholders) in the current year. Net income attributable to
shareholders for the prior fiscal year includes a charge due to an income  tax 
rate  change  of  $6.8  million  and  business  acquisition,  integration  and 
restructuring costs  of $4.2  million.  Removing the  impact of  these  items 
results in an adjusted basic  earnings per share attributable to  shareholders 
of $1.90 per  share in  the prior  year. Free cash  flow for  the year  ended 
August 31, 2013  was $154.1 million  compared to $155.1  million in the  prior 
year.

Operational Results - Highlights

Television

  *Segment revenues increased 1% in Q4 and decreased 5% for the fiscal year
  *Specialty advertising revenue increased 6% in Q4 and 2% for the fiscal
    year
  *Subscriber revenues increased 1% for Q4 and were flat for the fiscal year
  *Merchandising, distribution and other revenues declined 3% in Q4 and 24%
    for the fiscal year
  *Segment profit^(1) increased 4% in Q4 and decreased 5% for the fiscal year
  *Segment profit margin of 40% for the fiscal year
  *Movie Central finished the fiscal year with 996,000 subscribers, up 20,000
    from the prior year

Radio

  *Segment revenues decreased 8% in Q4 and 4% for the fiscal year
  *Segment profit^(1) decreased 22% in Q4 and 4% for the fiscal year
  *Segment profit margin of 30% for the fiscal year

Other

  *Corporate expenses were up $5.1 million in Q4 and $4.3 million for the
    fiscal year due to higher share-based compensation and achievement of
    performance incentives.

^(1) See definitions and discussion under Key Performance Indicators in MD&A.

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.

The unaudited consolidated financial statements and accompanying notes for the
three months and year  ended August 31, 2013  and Management's Discussion  and 
Analysis are available  on the  Company's website at  www.corusent.com in  the 
Investor Relations section.

A conference call with  Corus senior management is  scheduled for October  24, 
2013 at 12:30 p.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 Canada is 1.866.229.4144 and for international callers  is 
1.847.585.4422. Please  note  that the  audience  passcode for  both  dial-in 
numbers is 7565 565. 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.

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.

                          CORUS ENTERTAINMENT INC.
                CONSOLIDATED STATEMENTS OF FINANCIAL POSITION
                                                                     
As at August 31,                                                      
(unaudited - in thousands of Canadian dollars)         2013         2012
ASSETS                                                                
Current                                                               
Cash and cash equivalents                            86,081       24,588
Accounts receivable                                 176,504      173,421
Promissory note receivable                           47,759           —
Income taxes recoverable                                341        9,542
Prepaid expenses and other                           16,416       12,664
                                                                     
Total current assets                                327,101      220,215
                                                                     
Tax credits receivable                               41,564       43,865
Intangibles, investments and other assets            42,975       42,390
Property, plant and equipment                       151,398      163,563
Program and film rights                             289,181      271,244
Film investments                                     62,734       67,983
Broadcast licenses                                  563,771      569,505
Goodwill                                            674,393      674,393
Deferred tax assets                                  39,463       28,327
                                                 2,192,580    2,081,485
                                                                     
LIABILITIES AND SHAREHOLDERS' EQUITY                                  
Current                                                               
Accounts payable and accrued liabilities            172,663      185,991
Provisions                                            3,941        2,322
Total current liabilities                           176,604      188,313
                                                                     
Long-term debt                                      538,966      518,258
Other long-term liabilities                         105,020       87,853
Deferred tax liabilities                            151,157      150,971
Total liabilities                                   971,747      945,395
                                                                     
SHAREHOLDERS' EQUITY                                                  
Share capital                                       937,183      910,005
Contributed surplus                                   7,221        7,835
Retained earnings                                   256,517      198,445
Accumulated other comprehensive income (loss)         1,653        (812)
Total equity attributable to shareholders         1,202,574    1,115,473
Equity attributable to non-controlling interest      18,259       20,617
Total shareholders' equity                        1,220,833    1,136,090
                                                 2,192,580    2,081,485

                                                                  
                                                                  
                           CORUS ENTERTAINMENT INC.
          CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME
                                                                  
                                Three months ended         Year ended
                                    August 31,             August 31,
(unaudited - in thousands of                                   
Canadian dollars except per
share amounts)                       2013        2012         2013        2012
Revenues                         193,634   195,624    803,541   842,276
Direct cost of sales, general                                  
and administrative expenses       139,189     134,762      533,529     552,297
Depreciation and amortization      6,031     6,408     26,903    25,639
Interest expense                  10,473    12,242     46,332    52,269
Broadcast license and goodwill                                 
impairment                          5,734          —        5,734          —
Debt refinancing                      —        —     25,033        —
Business acquisition,                                          
integration and restructuring
costs                               5,196       1,841        7,343       4,166
Gain on sale of associated                                     
company                                —          —     (55,394)          —
Other expense (income), net        8,391     (785)      8,553   (5,487)
                                                                  
Income before income taxes        18,620    41,156    205,508   213,392
Income tax expense                 5,279    16,171     39,759    57,241
                                                                  
Net income for the period         13,341    24,985    165,749   156,151
                                                                  
Net income attributable to:                                        
Shareholders                      11,879    23,341    159,895   148,681
Non-controlling interest           1,462     1,644      5,854     7,470
                                 13,341    24,985    165,749   156,151
                                                                  
Earnings per share attributable                                
to shareholders:                                                          
    Basic                       $ 0.14    $ 0.28     $ 1.91    $ 1.79
    Diluted                     $ 0.14    $ 0.28     $ 1.90    $ 1.78
                                                                  
Net income for the period         13,341    24,985    165,749   156,151
Other comprehensive income                                     
(loss), net of tax                                                        
   Items that may be                                           
   reclassified subsequently to
  income:                                                                
      Unrealized foreign                                       
      currency translation
    adjustment                      648     (1,485)        2,333         486
      Unrealized change in fair                                
      value of
      available-for-sale
    investments                     174          31          132       (223)
      Actuarial gain (loss) on                                 
    employee future benefits        616     (2,950)          616     (2,950)
                                  1,438   (4,404)      3,081   (2,687)
                                                                  
Comprehensive income for the                                   
period                             14,779      20,581      168,830     153,464
                                                                  
Comprehensive income                                           
attributable to:                                                          
    Shareholders                13,317    18,937    162,976   145,994
    Non-controlling interest     1,462     1,644      5,854     7,470
                                 14,779    20,581    168,830   153,464

                                                                                             
                                                                                             
                                          CORUS ENTERTAINMENT INC.
                                CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY
                                                                                             
(unaudited - in                                     Accumulated  Total equity              
thousands of                                                  other   attributable          Non-
Canadian             Share   Contributed   Retained   comprehensive             to   controlling       Total
dollars)           capital       surplus   earnings   income (loss)   shareholders      interest      equity
                                                                                     
At August 31,
2012              910,005        7,835   198,445          (812)     1,115,473       20,617  1,136,090
Comprehensive                                                                              
income                  —            —    159,895           3,081        162,976         5,854     168,830
Actuarial gain                                                                             
transfer                —            —        616           (616)             —            —          —
Dividends                                                                                  
declared                —            —   (84,452)              —       (84,452)       (6,331)    (90,783)
Issuance of                                                                                
shares under
stock option
plan                 1,155       (2,200)         —              —        (1,045)            —     (1,045)
Issuance of                                                                                
shares under
dividend
reinvestment
plan                26,731            —         —              —         26,731            —      26,731
Shares                                                                                     
repurchased          (708)            —      (756)              —        (1,464)            —     (1,464)
Share-based                                                                                
compensation
expense                 —         1,586         —              —          1,586            —       1,586
Acquisition of                                                                             
non-controlling
interest                —            —   (17,231)              —       (17,231)       (1,881)    (19,112)
At August 31,                                                                              
2013               937,183         7,221    256,517           1,653      1,202,574        18,259   1,220,833
                                                                                             
At August 31,                                                                              
2011               882,679        10,299    143,717         (1,075)      1,035,620        19,200   1,054,820
Comprehensive                                                                              
income                  —            —    148,681         (2,687)        145,994         7,470     153,464
Actuarial loss                                                                             
transfer                —            —    (2,950)           2,950             —            —          —
Dividends                                                                                  
declared                —            —   (78,143)              —       (78,143)       (6,053)    (84,196)
Issuance of                                                                                
shares under
stock option
plan                13,668       (3,622)         —              —         10,046            —      10,046
Issuance of                                                                                
shares under
dividend
reinvestment
plan                25,982            —         —              —         25,982            —      25,982
Shares                                                                                     
repurchased       (12,435)            —   (12,860)              —       (25,295)            —    (25,295)
Share-based                                                                                
compensation
expense                 —         1,158         —              —          1,158            —       1,158
Repayment of                                                                               
executive stock
purchase loans         111            —         —              —            111            —         111
At August 31,                                                                              
2012               910,005         7,835    198,445           (812)      1,115,473        20,617   1,136,090



                           CORUS ENTERTAINMENT INC.
                    CONSOLIDATED STATEMENTS OF CASH FLOWS
                                                                  
                             Three months ended           Year ended
                                 August 31,                 August 31,
(unaudited - in thousands                                    
of Canadian dollars)             2013         2012          2013          2012
OPERATING ACTIVITIES                                               
Net income for the period     13,341     24,985     165,749     156,151
Add (deduct) non-cash                                        
items:                                                                    
      Depreciation and                                       
     amortization              6,031        6,408        26,903        25,639
      Broadcast license                                      
      and goodwill
     impairment                5,734           —         5,734            —
      Amortization of                                        
      program and film
     rights                   48,099       46,543       190,176       186,348
      Amortization of film                                   
     investments               8,360       10,052        25,759        32,001
      Deferred income                                        
     taxes                   (1,356)        8,186      (11,332)        12,921
      Investment                                             
     impairments               7,121            —         7,121             —
      Share-based                                            
     compensation expense        424          268         1,586         1,158
     Imputed interest         4,137      2,444      11,816      11,348
     Debt refinancing            —         —      25,033          —
      Gain on sale of                                        
     associated company           —           —      (55,394)            —
     Gain on acquisition         —         —          —     (2,383)
     Other                      818        738         700     (2,052)
Net change in non-cash                                       
working capital balances
related to operations          12,609      (3,939)         4,584      (13,199)
Payment of program and                                       
film rights                  (79,000)     (65,422)     (185,327)     (196,689)
Net additions to film                                        
investments                     2,869        (569)      (46,074)      (40,933)
Cash provided by operating                                   
activities                     29,187       29,694       167,034       170,310
                                                                  
INVESTING ACTIVITIES                                               
Additions to property,                                       
plant and equipment           (2,715)      (5,658)      (13,043)      (19,243)
Business combinations             —         —          —     (4,104)
Net cash flows for                                           
intangibles, investments
and other assets              (1,568)      (7,431)      (10,855)      (11,290)
Other                          (238)       (75)       (652)       (635)
Cash used in investing                                       
activities                    (4,521)     (13,164)      (24,550)      (35,272)
                                                                  
FINANCING ACTIVITIES                                               
Decrease in bank loans            —    (9,973)    (29,925)    (84,750)
Issuance of notes                 —         —     550,000          —
Redemption of notes               —         —   (500,000)          —
Financing fees                    —         —    (26,732)          —
Issuance of shares under                                     
stock option plan                  —           —           884        10,046
Shares repurchased                —   (21,407)     (1,464)    (25,295)
Dividends paid              (15,112)   (13,258)    (56,696)    (50,783)
Dividends paid to                                            
non-controlling interest        (616)      (1,630)       (6,331)       (6,053)
Other                        (1,138)    (2,310)    (10,727)     (9,537)
Cash used in financing                                       
activities                   (16,866)     (48,578)      (80,991)     (166,372)
Net change in cash and                                       
cash equivalents during
the period                      7,800     (32,048)        61,493      (31,334)
Cash and cash equivalents,                                   
beginning of the period        78,281       56,636        24,588        55,922
Cash and cash equivalents,                                   
end of the period              86,081       24,588        86,081        24,588

                                                                             
                                                                             
                           CORUS ENTERTAINMENT INC.
                         BUSINESS SEGMENT INFORMATION
                                                                  
(unaudited - in thousands of Canadian dollars)
                                                                 
Three months ended                                        
August 31, 2013                                                           
                       Television     Radio   Corporate   Consolidated
Revenues                   149,622    44,012          —        193,634
Direct cost of sales,                                     
general and
administrative
expenses                     93,153      32,348        13,688          139,189
Segment profit                                            
(loss)^(1)                   56,469      11,664      (13,688)           54,445
Depreciation and                                          
amortization                                                          6,031
Interest expense                                              10,473
Broadcast license and                                     
goodwill impairment                                                   5,734
Business acquisition,                                     
integration and
restructuring costs                                                   5,196
Other expense                                             
(income), net                                                         8,391
Income before income                                      
taxes                                                                18,620
                                                                  
Three months ended                                        
August 31, 2012                                                           
                      Television     Radio   Corporate   Consolidated
Revenues                   147,874    47,750          —        195,624
Direct cost of sales,                                     
general and
administrative
expenses                     93,384      32,755         8,623          134,762
Segment profit                                            
(loss)^(1)                   54,490      14,995       (8,623)           60,862
Depreciation and                                          
amortization                                                          6,408
Interest expense                                              12,242
Business acquisition,                                     
integration and
restructuring costs                                                   1,841
Other expense                                             
(income), net                                                         (785)
Income before income                                      
taxes                                                                41,156
                                                                  
Year ended August 31,                                     
2013                                                                      
                       Television     Radio   Corporate   Consolidated
Revenues                   619,850   183,691          —        803,541
Direct cost of sales,                                     
general and
administrative
expenses                    371,071     128,543        33,915          533,529
Segment profit                                            
(loss)^(1)                  248,779      55,148      (33,915)          270,012
Depreciation and                                          
amortization                                                         26,903
Interest expense                                              46,332
Broadcast license and                                     
goodwill impairment                                                   5,734
Debt refinancing                                              25,033
Business acquisition,                                     
integration and
restructuring costs                                                   7,343
Gain on sale of                                           
associated company                                                 (55,394)
Other expense                                             
(income), net                                                        8,553
Income before income                                      
taxes                                                               205,508
                                                                  
Year ended August 31,                                     
2012                                                                      
                       Television     Radio   Corporate   Consolidated
Revenues                   650,949   191,327          —        842,276
Direct cost of sales,                                     
general and
administrative
expenses                    388,811     133,900        29,586          552,297
Segment profit                                            
(loss)^(1)                  262,138      57,427      (29,586)          289,979
Depreciation and                                          
amortization                                                         25,639
Interest expense                                              52,269
Business acquisition,                                     
integration and
restructuring costs                                                   4,166
Other expense                                             
(income), net                                                       (5,487)
Income before income                                      
taxes                                                               213,392

^(1) See definitions and discussion under Key Performance Indicators in MD&A.

                                                                  
                                                                  
Revenues by type                                                   
                                Three months ended        Year ended
                                    August 31,            August 31,
                                   2013      2012      2013      2012
Advertising                        84,035    85,650   381,475   386,045
Subscriber fees                    74,268    73,577   298,971   297,927
Merchandising, distribution and                                
other                               35,331      36,397     123,095     158,304
                                193,634   195,624   803,541   842,276



SOURCE Corus Entertainment Inc.

Contact:

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

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

Sally Tindal
Director, Communications
Corus Entertainment Inc.
416.479.6107