Corus Entertainment Announces Retirement of CFO, Tom Peddie

John Gossling appointed as successor to take Corus through its new phase of growth

TORONTO, June 8, 2016 /CNW/ - Corus Entertainment Inc. ("Corus") (TSX: CJR.B) today announced that Executive Vice President and Chief Financial Officer, Tom Peddie, will retire from Corus at the end of August 2016, after 17 years of service.  Tom has been a driving force in Corus' growth from its launch as a publicly traded company in September 1999 through a series of strategic acquisitions, most recently, the transformational acquisition of Shaw Media Inc. in April 2016.  During Tom's tenure, Corus' revenues grew from $150 million to $1.8 billion.

"Tom is a very talented finance executive and business leader," said Doug Murphy, President and Chief Executive Officer. "Throughout his distinguished career at Corus, he has consistently delivered exceptional financial leadership and valued strategic input as we have grown the business. I was privileged to have the opportunity to work with him, and wish Tom and his family the very best in the years to come."

With Tom's retirement, Corus is pleased to announce the appointment of John Gossling as Executive Vice President and Chief Financial Officer. John will join the Corus Executive Leadership Team on July 4, 2016, and will be based in Toronto at Corus Quay.

A highly talented senior finance executive with extensive experience in the media and communications industry, John most recently held the position of Chief Financial Officer for TELUS Corporation. Prior career experiences include Chief Financial Officer of CTVglobemedia Inc., Vice President, Financial Operations at Rogers Communications Inc., Chief Financial Officer at Rogers Wireless Inc., and Partner at KPMG LLP.  In 2016, John was ranked top CFO for the Canadian telecommunications sector by Brendan Wood International. 

"I am thrilled that we are able to appoint a finance executive of John Gossling's caliber to succeed Tom," said Doug Murphy. "John's proven experience in large, complex, fast-paced organizations along with his collaborative leadership approach will ensure a seamless transition as we embark on the next phase in our journey."

"I am excited about joining Corus at this historic point in the company's evolution," said John Gossling. "The recent acquisition of Shaw Media, Corus' industry leading brands and its growth- oriented strategy are strong building blocks for long-term success."

John Gossling and Tom Peddie will work together through the end of August 2016 to ensure a seamless transition.

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About Corus Entertainment
Corus Entertainment Inc. (TSX: CJR.B) is a leading media and content company that creates and delivers high quality brands and content across platforms for audiences around the world. The company's portfolio of multimedia offerings encompasses 45 specialty television services, 39 radio stations, 15 conventional television stations, a global content business, digital assets, live events, children's book publishing, animation software, technology and media services. Corus' roster of premium brands includes Global Television, W Network, OWN: Oprah Winfrey Network Canada, HGTV Canada, Food Network Canada, HISTORY®, Showcase, National Geographic Channel, Q107, CKNW, Fresh Radio, Disney Channel Canada, YTV and Nickelodeon Canada. Visit Corus at www.corusent.com.

SOURCE Corus Entertainment Inc.

For media inquiries, please contact: Dervla Kelly, Vice President, Communications, Corus Entertainment, 416.934.7121, [email protected]