DHX Media 1st Quarter Preliminary Results



    /NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR
    DISSEMINATION IN THE UNITED STATES/

    www.dhxmedia.com
    AIM and TSX: DHX

    HALIFAX, Nov. 9 /CNW/ - DHX Media Ltd. (AIM & TSX ticker: "DHX"), a
leading independent international producer and distributor of television
programming and interactive content, today reports certain selected financial
data for the three months ended September 30, 2007. The financial data
presented in this press release will be included in DHX Media Ltd.'s unaudited
consolidated financial statements for the three months ended September 30,
2007, which are expected to be released on Wednesday, November 14th, 2007. All
data for the three months ended September 30, 2007 included in this press
release is preliminary and approximate.
    DHX Media announced on October 25, 2007 that it has entered into an
agreement with a syndicate of underwriters led by GMP Securities L.P. and
including Canaccord Capital Corporation, TD Securities Inc. and Paradigm
Capital Inc. to purchase on a bought deal basis 9,700,000 units ("Units") from
the Corporation at a price of C$1.80 per Unit for aggregate gross proceeds of
C$17,460,000 (the "Offering"). Each Unit consists of one common share in the
capital of the Corporation and one-half of one common share purchase warrant.
Each warrant entitles the holder thereof to acquire one common share for a
period of 36 months following the closing of the Offering at an exercise price
of C$2.10 per Common Share. It is anticipated that the Offering will close on
November 13, 2007.

    Preliminary Results

    DHX Media expects to release its unaudited consolidated financial
statements for the three months ended September 30, 2007 ("Q1 2008") on
Wednesday, November 14th, 2007. The Corporation expects revenues for Q1 2008
to be in the range of C$8.75 million to C$10.75 million, compared to
C$3.2 million reported for the three months ended September 30, 2006 ("Q1
2007"). In addition, the Corporation expects to report positive earnings per
share for Q1 2008 in the range of C$0.00 and C$0.01 versus a loss of C$0.01
per share for Q1 2007.

    About DHX Media Ltd.

    DHX Media Ltd. is a leading international producer and distributor of
film and television programming and interactive content with an emphasis on
children, family and youth markets. DHX Media Ltd. shares are listed on the
Alternative Investment Market of the London Stock Exchange, AIM, and the
Toronto Stock Exchange, TSX. DHX Media's production companies, Decode
Entertainment and Halifax Film, are the producers or co-producers of
14 original television series and theatrical releases currently commissioned
for production and maintain a growing library of over 1,750 half-hours of
mostly children and youth-oriented television productions. www.dhxmedia.com

    Forward-Looking Statements

    This press release contains forward looking statements with respect to
the Corporation, including its offering of units and current expectations
relating to its financial results for the three months ended September 30,
2007. Although the Corporation believes that the expectations reflected in
such forward looking statements are reasonable, such statements involve risks
and uncertainties and are based on information currently available to the
Corporation. Actual results may differ materially from those expressed or
implied by such forward looking statements. Factors that could cause actual
results or events to differ materially from current expectations, among other
things, include risks related to completing the offering of units including
capital markets conditions and general economic and market factors, customer
contract interpretation, application of accounting policies and principles,
and production related risks, and other factors discussed in materials filed
with applicable securities regulatory authorities from time to time including
matters discussed under "Risk Factors" in the Corporation's short form
prospectus dated November 7, 2007 and in the Corporation's Amended Annual
Information Form incorporated by reference therein. These forward-looking
statements are made as of the date hereof, and the Corporation assumes no
obligation to update or revise them to reflect new events or circumstances.

    Incorporation By Reference

    This press release is incorporated by reference in DHX Media's final
short form prospectus dated November 7, 2007 filed with the securities
regulatory authorities in each of the provinces of Canada.
    %SEDAR: 00023380EF




For further information:

For further information: DHX Media Ltd.: Dana Landry, Chief Financial
Officer; David A. Regan, EVP, Corporate Development & IR; (902) 423-0260; AIM
Nominated Advisors: Canaccord Adams Limited: Neil Johnson; Erin Needra; +44
(0) 20 7050 6500

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DHX Media Ltd.

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