TORONTO, Jan. 14 /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
February 27, 2009, March 31, 2009 and April 30, 2009 to shareholders of record
at the close of business on February 13, 2009, March 13, 2009 and April 15,
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 3,445,358 Class A Voting Shares outstanding and 76,720,394
Class B Non-Voting Shares outstanding on December 31, 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, CosmoTV, VIVA, Movie Central, HBO Canada, 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: 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