Corus Entertainment Announces Redemption of 4.25% Senior Unsecured Guaranteed Notes Due 2020

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TORONTO, April 1, 2016 /CNW/ - Corus Entertainment Inc. ("Corus") (TSX: CJR.B) announced today that it will redeem all of its outstanding C$550 million 4.25% senior unsecured guaranteed notes due 2020 (the "2020 Notes"). The redemption date is April 18, 2016.

The Redemption Price is defined in the indenture governing the 2020 Notes and includes accrued and unpaid interest thereon to but excluding the redemption date. The Redemption Price is payable in cash in accordance with the terms of the aforementioned indenture.

About Corus Entertainment Inc.

Corus Entertainment Inc. (TSX: CJR.B) is a leading media and content company that creates and delivers high quality brands and content across platforms for audiences around the world. The company's portfolio of multimedia offerings encompasses 45 specialty television services, 39 radio stations, 15 conventional television stations, a global content business, digital assets, live events, children's book publishing, animation software, technology and media services. Corus' roster of premium brands include Global Television, W Network, OWN: Oprah Winfrey Network Canada, HGTV Canada, Food Network Canada, HISTORY®, Showcase, National Geographic, Q107, CKNW, Fresh Radio, Disney Channel Canada, YTV and Nickelodeon Canada. Visit Corus at www.corusent.com.

Follow Corus PR on Twitter @CorusPR

SOURCE Corus Entertainment Inc.

Image with caption: "Corus Entertainment Inc. (CNW Group/Corus Entertainment Inc.)". Image available at: http://photos.newswire.ca/images/download/20160401_C8679_PHOTO_EN_655516.jpg

For further information: Tom Peddie, Executive Vice President and Chief Financial Officer, 416.479.6080, tom.peddie@corusent.com

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