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Corus Entertainment to delist from New York Stock Exchange

Corus Entertainment of Toronto plans to voluntarily delist its Class B non-voting shares from the New York Stock Exchange. The company will continue to trade these shares on the Toronto Stock Exchange. "We believe that the costs associated with maintaining our NYSE listing outweigh the benefits for the company and our shareholders," said John Cassaday, president and CEO of Corus Entertainment. "The voluntary delisting from the NYSE will have no impact on Corus' commitment to maintaining high standards of corporate governance and transparency in financial reporting." According to the company, the New York exchange accounts for approximately nine percent of Corus' global trading volume. The company anticipates that the delisting will be done by Aug. 5.

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