CORUS ENTERTAINMENT ANNOUNCES 25% DIVIDEND INCREASE FOR CLASS A AND B SHAREHOLDERS

CORUS ENTERTAINMENT ANNOUNCES 25% DIVIDEND INCREASE FOR CLASS A AND B SHAREHOLDERS

TORONTO, Oct. 27 /PRNewswire-FirstCall/ - Corus Entertainment Inc. (TSX: CJR.B) announced today that its Board of Directors has approved a
$0.15 increase in its annual dividend.

The Company's monthly dividend for holders of its Class A and Class B Shares will increase to $0.062083 and $0.0625
respectively. The dividend will be paid on each of November 30, 2010,
December 31, 2010 and January 31, 2011 to shareholders of record at the
close of business on November 15, 2010, December 15, 2010 and January
14, 2011 respectively.

At the new rate, the expected dividend on an annual basis for the
Company's Class A and Class B Shares is $0.745 and $0.75 respectively,
up from the previous rate of $0.595 and $0.60 respectively.

"The Company completed a very successful fiscal year," said Heather
Shaw, Executive Chair, Corus Entertainment Inc. "Our strong and
improving free cash flow has enabled us to approve a significant 25%
increase in our annual dividend to yield approximately 3.5% on the
current share price, while maintaining our flexibility to invest and
grow our business."

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.

Registered shareholders who are residents of Canada and who are not
currently participating in Corus' Dividend Reinvestment Plan ("the
Plan") may elect to participate in the Plan through the completion of
an enrollment form which can be obtained from the Company's Plan
administrator, CIBC Mellon Trust Company, on their website at www.cibcmellon.com or by calling 1.800.387.0825. The Plan allows eligible holders of Class
A Shares and Class B Shares to acquire additional Class B Shares
through reinvestment of the cash dividends paid on their respective
shareholdings. Non-registered beneficial shareholders who are residents
of Canada and who wish to join the Plan should consult their broker,
financial institution or other intermediary through which they hold
Class A Shares or Class B Shares.

At this time, Corus' Board of Directors confirms that the Company will
continue to issue shares from treasury at a 2% discount from the
average market price to Plan participants of record, as determined
pursuant to the terms of the Plan.

There were 3,444,128 Class A Voting Shares outstanding and 77,750,606
Class B Non-Voting Shares outstanding on September 30, 2010.

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, 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 (CJR.B) exchange. Experience Corus on the web at www.corusent.com.

SOURCE Corus Entertainment Inc.

Corus Entertainment Inc.

CONTACT: <table border="0" valign="top"><tr><td><b>John Cassaday</b></td> <td><b>  Tom Peddie, FCA</b></td></tr> <tr><td><b>President and Chief Executive Officer</b></td> <td><b>  Executive Vice President and Chief Financial Officer</b></td></tr> <tr><td><b>Corus Entertainment Inc.</b></td> <td><b>  Corus Entertainment Inc.</b></td></tr> <tr><td><b>416.479.6018</b></td> <td><b>  416.479.6080</b><br/></td></tr> <tr><td colspan="2"><b>Sally Tindal</b></td></tr> <tr><td colspan="2"><b>Director, Communications</b></td></tr> <tr><td colspan="2"><b>Corus Entertainment Inc.</b></td></tr> <tr><td colspan="2"><b>416.479.6107</b></td></tr></table>

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