CORUS TO OPPOSE ASTRAL'S APPLICATION CHALLENGING THE DIVESTITURE OF CORUS' QUEBEC RADIO STATIONS
TORONTO, Jan. 13 /PRNewswire/ - Corus Entertainment Inc. (TSX: CJR.B) will oppose the applications filed yesterday by Astral Media Radio Inc. ("Astral") with the Federal Court of Appeal challenging the Canadian Radio-Television and Telecommunications Commission's ("CRTC") approval of the sale of Corus' Quebec radio stations to COGECO Inc. The CRTC decision approving the sale was issued on December 17, 2010.
Corus, like COGECO, considers that the applications filed by Astral are without merit. Corus confirms that it will continue with the process to effect the closing of the transaction on February 1, 2011.
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, television broadcasting, children's book publishing and children's animation. The company's multimedia entertainment brands include YTV, Treehouse, Nickelodeon (Canada), W Network, CosmoTV, VIVA, Sundance Channel (Canada), Movie Central, HBO Canada, Nelvana, Kids Can Press and radio stations including CKNW, CFOX, CKOI, 98.5 FM, Q107 and 102.1 the Edge. Corus creates engaging branded entertainment experiences for its audiences across multiple platforms. A publicly traded company, Corus is listed on the Toronto Stock Exchange (CJR.B). Experience Corus on the web at www.corusent.com.
SOURCE Corus Entertainment Inc.
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