Corus Welcomes OSC Dismissal of Catalyst Application

Corus Welcomes OSC Dismissal of Catalyst Application


TORONTO, March 7, 2016 /PRNewswire/ - Corus Entertainment Inc. ("Corus") (TSX:CJR.B) welcomes the Ontario Securities Commission's ("OSC") decision not to exercise its discretion, based on its public interest
jurisdiction, to hear a complaint put forward by The Catalyst Capital Group ("Catalyst") regarding Corus' proposed acquisition of Shaw Media Inc. ("Shaw Media").



For additional information on the transaction, shareholders are
encouraged to visit www.aStrongNewCorus.com.


CAUTION CONCERNING FORWARD-LOOKING STATEMENTS

This press release contains forward looking information and should be
read subject to the following cautionary language:

To the extent any statements made in this report contain information
that is not historical, these statements are forward looking statements
and may be forward looking information within the meaning of applicable
securities laws (collectively, "forward looking statements"). These forward looking statements may include, among other things,
our objectives, goals, strategies, intentions, plans, estimates and
outlook, including advertising, distribution, merchandise and
subscription revenues, operating costs and tariffs, taxes and fees, and
can generally be identified by the use of the words such as "believe",
"anticipate", "expect", "intend", "plan", "will", "may" and other
similar expressions. In addition, any statements that refer to
expectations, projections or other characterizations of future events
or circumstances are forward looking statements. Forward-looking
statements include statements regarding the ability to complete the
Acquisition and the anticipated timing of completion of the
Acquisition, if at all, satisfaction of all conditions precedent to the
transaction, statements regarding performance of the combined company,
the benefits and costs of the transaction and the pro forma
capitalization, business, operations, financial performance (including
dividends, financial leverage and adjusted EBITDA) and cash flow
profile of the combined company, the ability to realize synergies
following closing in the time and manner anticipated, the receipt of
proceeds of Corus' financing arrangement and completion of the
company's planning financing transactions. Although Corus believes that
the expectations reflected in such forward looking statements are
reasonable, such statements involve risks and uncertainties and undue
reliance should not be placed on such statements. Certain material
factors or assumptions are applied in making forward looking
statements, including without limitation factors and assumptions
regarding completion of the transaction on terms set out in the share
purchase agreement and in a manner consistent with management
expectations, the timing of completion of the transaction, the ability
to fulfill the conditions to closing of the transactions, the accuracy
of management's assessment of the effects of the completion of the
acquisition, including the ability to generate synergies consistent
with management expectations, maintenance by the Corus Board of
Directors of the dividend on the Class B Non-Voting Shares at its
existing level and the ongoing performance of the businesses of Corus
and Shaw Media, market conditions, , and actual results may differ
materially from those expressed or implied in such statements.
Important factors that could cause actual results to differ materially
from these expectations include, among other things: our ability to
attract and retain advertising revenues; audience acceptance of our
television programs and cable networks; our ability to recoup
production costs, the availability of tax credits and the existence of
co production treaties; our ability to compete in any of the industries
in which we do business; the opportunities (or lack thereof) that may
be presented to and pursued by us; conditions in the entertainment,
information and communications industries and technological
developments therein; changes in laws or

regulations or the interpretation or application of those laws and
regulations; our ability to integrate and realize anticipated benefits
from our acquisitions, including the Acquisition and to effectively
manage our growth; our ability to successfully defend ourselves against
litigation matters arising out of the ordinary course of business;
changes in accounting standards, our ability to execute strategic plans
and changes to strategic plans, downgrades in our financial strength or
credit ratings, volatility and correlation of equity and debt markets,
interest rates, the failure to realize some or all of the expected
benefits of the transaction and the market for subscription receipts
and Class B Shares and the prices of subscription receipts and Class B
Shares. Additional information about these factors and about the
material assumptions underlying such forward looking statements may be
found in our Annual Information Form and our management's discussion
and analysis which are available on Corus' website at www.corusent.com as well as on SEDAR. Corus cautions that the foregoing list of
important factors that may affect future results is not exhaustive.

When relying on our forward looking statements to make decisions with
respect to Corus, investors and others should carefully consider the
foregoing factors and other uncertainties and potential events. Unless
otherwise required by applicable securities laws, we disclaim any
intention or obligation to publicly update or revise any forward
looking statements whether as a result of new information, events or
circumstances that arise after the date thereof or otherwise.

About Corus Entertainment Inc.



Corus Entertainment Inc. is a Canadian-based integrated media and
content company that creates, broadcasts, licenses and delivers content
across a variety of platforms for audiences around the world. The
company's portfolio of multimedia offerings encompasses specialty
television and radio with additional assets in pay television,
television broadcasting, live events, children's book publishing,
children's animation, animation software, and technology and media
services. Corus' television brands include ABC Spark, Cartoon Network
(Canada), CMT (Canada), Cosmopolitan TV, Disney Channel (Canada),
Disney Junior, Disney XD, Nickelodeon (Canada), OWN: Oprah Winfrey
Network (Canada), Telelatino, TELETOON, Treehouse, W Network, YTV,
Historia, La chaîne Disney, Séries+ and TÉLÉTOON. Its 39 radio brands
include CKNW AM 980, Rock 101, Country 105, 630 CHED, Fresh Radio,
JUMP! 106.9, Q107 and 102.1 the Edge. The company also owns Nelvana, an
internationally renowned animation production company, Kids Can Press,
Toon Boom and Quay Media Services. A publicly traded company,



Corus is listed on the Toronto Stock Exchange (CJR.B). Experience Corus
on the web at www.corusent.com.



Follow Corus PR on Twitter @CorusPR

SOURCE Corus Entertainment Inc.

Corus Entertainment Inc.

CONTACT: For more information, please contact: Sally Tindal, Vice President, Corporate Communications, Corus Entertainment, 416.479.6107, sally.tindal@corusent.com


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