(Toronto, Ontario) Corus Entertainment Inc. (TSX: CJR.B; NYSE: CJR) announced today that its Board of Directors has approved its semi-annual dividend for holders of its Class A and Class B shares of $0.02 and $0.025 respectively. This semi-annual dividend will be paid on June 30, 2004 to shareholders of record at the close of business on June 15, 2004. There were 1,726,712 Class A voting shares outstanding and 41,011,416 Class B non-voting shares outstanding at the end of the second quarter.

Corus Entertainment is a Canadian-based media and entertainment company. Corus is a market leader in both specialty TV and Radio. Corus also owns Nelvana Limited, a leading international producer and distributor of children’s programming and products. The company’s other interests include publishing, television broadcasting and advertising services. A publicly traded company, Corus is listed on the Toronto (CJR.B) and New York (CJR) Exchanges. Corus’ Web site can be found at www.corusentertainment.com.


For further information, please contact:

John Cassaday
President and Chief Executive Officer Corus Entertainment Inc. (416) 642-3770

Tom Peddie
Senior Vice President & Chief Financial Officer Corus Entertainment Inc. (416) 642-3780

Kerry Morgan
Vice President, Communications Corus Entertainment Inc. (416) 642-3792