TORONTO, July 16 /CNW/ - Corus Entertainment Inc. (TSX: CJR.B; NYSE: CJR)
announced today that John Hayes will step down as President of Corus Radio at
the end of the Company's fiscal year (August 31, 2008). John Hayes joined
Corus in 2001, and during his tenure built and led a dedicated and successful
team that created and maintained one of Canada's top performing radio
"With a focus on training and development, building deep customer
relationships, and working to imbed each radio station into the local fabric
of a community, John spearheaded the growth of our radio division and
established Corus Radio as an industry leader in terms of reach, revenues and
ratings," said John Cassaday, President and CEO, Corus Entertainment Inc. "We
thank John for his tremendous contribution to Corus Entertainment. His passion
for the radio business and dedication to his team will be missed."
Added John Hayes, "Our Company's long-term strategic plan was presented
to our Board of Directors on July 8 and 9. As I worked with the team on
formulating the long-term strategy for the radio division, I naturally began
to think of my own future. As we discussed my commitment to remain at Corus
long enough to see these plans through, it became clear to me that at this
stage of my life I was not able to make that commitment. My tenure as
President of Corus Radio is the longest time I have spent in any role in my
career. I have cherished my seven years with the Company, but I am an
entrepreneur at heart and the time is right for me to move on."
John Hayes will remain with the Company until the end of the fiscal year
to ensure that a smooth transition plan is implemented.
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 and digital audio services,
television broadcasting, children's book publishing and children's animation.
The company's multimedia entertainment brands include YTV, Treehouse,
W Network, Movie Central, 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.
For further information:
For further information: Tracy Ewing, Vice President, Communications,
Corus Entertainment Inc., (416) 642-3792