(Toronto, Canada) Corus Entertainment Inc. announced today that it has entered into an agreement with Stingray Digital Group Inc. to sell certain assets such as trademarks, websites, domain names, hardware, software licences etc. related to its pay audio service known as Max Trax. Corus will also provide short-term operational and consulting services to Stingray as they expand their pay audio service business. Stingray secured a licence to operate a national pay audio programming undertaking from the CRTC in December of last year. The total value of the transaction will be approximately $16 million CDN. “To ensure our focus remains on driving our core business, we have made the strategic decision to discontinue the operation of Max Trax,” said Paul Robertson, President, Television, Corus Entertainment. “Stingray Digital is a pioneer in the digital music service business and we are confident that they have the expertise to enhance the pay audio offering. We have agreed to provide services to Stingray in the short-term to ensure a smooth transition for listeners.” Corus Entertainment will exit the pay audio service business while Stingray starts to provide its own improved service to BDU partners, which will result in no interruption in pay audio service to consumers. “This is a strategic agreement that will reinforce Stingray’s position as the premier provider of digital music services,” said Eric Boyko, President of Stingray Digital. “This agreement will allow us to extend the breadth of our portfolio of products and services and continue to offer the highest quality and most diverse offering to our subscribers and our distribution partners.” 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 services, television broadcasting, children’s book publishing and children’s animation. The company’s multimedia entertainment brands include YTV, Treehouse, W Network, CosmoTV, VIVA, Movie Central, HBO Canada, 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. About Stingray Digital Media Group Stingray Digital is a leader in interactive music distribution. Our properties include The Karaoke Channel, the world’s largest licensed karaoke library and karaoke service on TV and Internet, Galaxie, the leading digital music service on TV in Canada, through an Affiliate Relations agency agreement with the Canadian Broadcasting Corporation (CBC), and its music licensing unit, Stingray Music. Stingray was founded by seasoned new media entrepreneurs, Eric Boyko and Alexandre Taillefer, and is financially backed by Telesystem and Novacap. Headquartered in Montreal, Stingray has more than 60 employees and additional offices in Charlotte, Los Angeles and Budapest. For more information, visit www.stingraydigital.com. -30- For further information, please contact: Tracy Ewing Vice President, Communications Corus Entertainment Inc. 416-642-3792 Nathalie Bergeron High Road Communications for Stingray Digital 514-908-0110 ext. 308