Business News

John Hayes to step down as President of Corus Radio

2008-07-16 10:17:00

    TORONTO, July 16 /EMWNews/ - Corus Entertainment Inc.

(TSX: CJR.B; NYSE: CJR) announced today that John Hayes will step down as

President of Corus Radio at the end of the Company's fiscal year (August

31, 2008). John Hayes joined Corus in 2001, and during his tenure built and

led a dedicated and successful team that created and maintained one of

Canada's top performing radio operations.



    "With a focus on training and development, building deep customer

relationships, and working to imbed each radio station into the local

fabric of a community, John spearheaded the growth of our radio division

and established Corus Radio as an industry leader in terms of reach,

revenues and ratings," said John Cassaday, President and CEO, Corus

Entertainment Inc. "We thank John for his tremendous contribution to Corus

Entertainment. His passion for the radio business and dedication to his

team will be missed."



    Added John Hayes, "Our Company's long-term strategic plan was presented

to our Board of Directors on July 8 and 9. As I worked with the team on

formulating the long-term strategy for the radio division, I naturally

began to think of my own future. As we discussed my commitment to remain at

Corus long enough to see these plans through, it became clear to me that at

this stage of my life I was not able to make that commitment. My tenure as

President of Corus Radio is the longest time I have spent in any role in my

career. I have cherished my seven years with the Company, but I am an

entrepreneur at heart and the time is right for me to move on."



    John Hayes will remain with the Company until the end of the fiscal

year to ensure that a smooth transition plan is implemented.



    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 http://www.corusent.com.





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