(Toronto, Ontario) Corus Entertainment Inc. (TSX: CJR.B; NYSE: CJR) announced today that its Board of Directors has approved a semi-annual dividend for holders of its Class A and Class B shares of $0.02 and $0.025 respectively. The Company’s dividend will be paid on December 31, 2004 to shareholders of record at the close of business on December 15, 2004.
“The Board of Directors is pleased that the Company will declare a semi-annual dividend for the third time. The Company delivered strong cash flow in fiscal 2004. Notwithstanding the non-cash write-down of film investments, we saw solid growth in consolidated revenues and segment profit and we believe that our shareholders should benefit from our success,” said Heather Shaw, Executive Chair of Corus Entertainment.
There were 1,724,929 Class A voting shares outstanding and 41,014,099 Class B non-voting shares outstanding on August 31, 2004.
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 companyÕs 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. CorusÕ Web site can be found at www.corusentertainment.com.
For further information, please contact:
President and Chief Executive Officer Corus Entertainment Inc. (416) 642-3770
Senior Vice President & Chief Financial Officer Corus Entertainment Inc. (416) 642-3780
Vice President, Communications Corus Entertainment Inc. (416) 642-3792