Corus Entertainment declares monthly dividend for Class A and B shareholders

    TORONTO, Oct. 23 /CNW/ - Corus Entertainment Inc. (TSX: CJR.B; NYSE:   CJR)
announced today that its Board of Directors has declared monthly dividends of
$0.049585 per Class A share and $0.05 per Class B share payable on each of
November 28, 2008, December 31, 2008 and January 30, 2009 to shareholders of
record at the close of business on November 13, 2008, December 15, 2008 and
January 15, 2009 respectively.

    The foregoing dividends are designated as "eligible" dividends for the
purpose of the Income Tax Act (Canada) and any similar provincial legislation.

    Corus' Board of Directors reviews the dividend on a quarterly basis.
Shareholders are entitled to receive dividends only when any such dividends
are declared by Corus' Board of Directors, and there is no entitlement to any
dividend prior thereto.

    There were 3,445,858 Class A Voting Shares outstanding and 76,720,394
Class B Non-Voting Shares outstanding on September 30, 2008.

    Corus Entertainment Inc. reports in Canadian dollars.

    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

    %SEDAR: 00013131EF          %CIK: 0001100868

For further information:

For further information: John Cassaday, President and Chief Executive
Officer, Corus Entertainment Inc., (416) 642-3770; Tom Peddie, Senior Vice
President and Chief Financial Officer, Corus Entertainment Inc., (416)
642-3780; Tracy Ewing, Vice President, Communications, Corus Entertainment
Inc., (416) 642-3792

Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890