www.dhxmedia.com

AIM and TSX: DHX

HALIFAX, Oct. 8 /CNW/ - DHX Media Ltd (AIM & TSX ticker: "DHX") ("the Company"), a leading independent international producer and distributor of television programming and interactive content is pleased to announce the issue of 50,664 common shares pursuant to satisfaction of certain performance criteria having been achieved by imX Communications Inc., a recently acquired business and now a wholly owned subsidiary of the Company.

The aggregate additional consideration payable upon the satisfaction of certain performance criteria having been achieved by the imX Communications business will be $75,000, to be satisfied by the issue of 50,664 common shares of the Company. 16,888 of these new common shares will be issued to J. William Ritchie, a director. An application has been made to admit the 50,664 new common shares to trading on AIM effective 13 October 2008. Subsequent to the issue of these common shares, the Company will have a total of 42,834,001 common shares in issue.

As previously announced on 21 July 2008 in relation to the imX Communications acquisition, J. William Ritchie, a director, will receive a sum of up to $75,000 in aggregate to be satisfied by the issue of shares in the Company. At closing, Mr J William Ritchie was issued 33,776 common shares of the Company at a price of $1.4803 each and was entitled to up to a further 16,888 common shares in the Company at a price of $1.4803 each, subject to certain performance criteria having been achieved by the imX Communications business. The Company announces that such performance criteria has been achieved and J. William Ritchie has now been issued a further 16,888 common shares in the Company at a price of $1.4803 each. J. William Ritchie now holds in aggregate 564,218 common shares in the Company.

About DHX Media Ltd.

DHX Media Ltd. is a leading international producer and distributor of television programming and interactive content with an emphasis on children, family and youth markets. DHX Media Ltd. shares trade on AIM and are listed on the TSX, the Toronto Stock Exchange. DHX Media's production companies, Decode Entertainment, Halifax Film and Studio B Productions, are the producers or co-producers of 14 original television series and theatrical releases currently commissioned for production and maintain a growing library of over 2,200 half-hours of mostly children and youth-oriented television productions. www.dhxmedia.com

About imX Communications Inc.

imX Communications Inc., is one of Canada's leading producers and co-producers of international quality feature films. In continuous business and production since 1985, imX Communications Inc., brings an extensive background and expertise to the DHX Media Ltd group of production companies. www.imxcommunications.com

Disclaimer

Certain statements herein may constitute forward-looking statements, including those identified by the expressions "may", "will", "should", "could", "anticipate", "believe", "plan", "estimate", "potential", "expect", "intend" and similar expressions to the extent they relate to the Company or its Management. These statements reflect the Company's current expectations and are based on information currently available to Management. These forward-looking statements are subject to a number of risks, uncertainties, assumptions and other factors that could cause actual results or events to differ materially from current expectations, including the matters discussed under "Risk Factors" contained in the Company's prospectus dated May 12, 2006. These forward-looking statements are made as of the date hereof, and the Company assumes no obligation to update or revise them to reflect new events or circumstances.

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