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NEW MOJO RADIO STATION LAUNCHES IN VANCOUVER

In May, we said that we would develop a new direction for CJNW, our radio station in Vancouver. Today we are announcing that as of August 6, CJNW will become MOJO Radio, the All New AM 730 Talk Radio for Guys.

Since its initial launch last year in Toronto, MOJO's share of tuning has increased by 21%, and in that time circulation has increased 18.9% making it Toronto's fastest growing radio station. With a growing audience and a solid track record, it's a perfect time to spin MOJO off into another major Canadian market.

Our strong Vancouver team - Lou, Tom and Gord - has exciting plans for the launch of MOJO Radio to alert, entice and draw listeners and advertisers to the new station. Look for programming announcements in the weeks ahead.

We believe MOJO will open doors to a new audience in Vancouver, an audience that will come to count on the best programming that Corus Radio has to offer.

Please join me in congratulating everyone who worked so hard to make MOJO Radio, the All New AM 730, a reality.

John Hayes

President

Corus Radio

July 11, 2002