Corus Updates '09 Guidance

Updated Financial Info

CANADA's CORUS ENTERTAINMENT announced updated financial guidance for 2009, with President/CEO JOHN CASSADAY saying, "We have the plans in place to deliver solid results once again in 2009. We have excellent growth prospects within our women's specialty business with the addition of COSMOTV and CLT and, within our pay television service, with the addition of HBO CANADA. For fiscal year 2009, we are targeting free cash flow of C$70 to C$90 million and consolidated segment profit of C$270 to C$280 million."

The company also announced the launch of a dividend reinvestment plan starting NOVEMBER 1st, managed by CIBC MELLON.

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