Rogers buying TV stations from CTVglobemedia
Last Updated: Monday, April 9, 2007 | 10:37 AM ET
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Rogers Media is expanding its television presence as the firm said Monday it is buying 10 stations and channels from CTVglobemedia Inc. for $137.5 million.
The stations and channels are held in trust for CHUM Ltd. CTVglobemedia said it would sell the assets as part of its takeover of CHUM.
The sale includes:
- A-Channel stations in Barrie, Ottawa, London, Windsor, Wingham and Victoria.
- CKX Television, an over-the-air CBC affiliate in Brandon.
- ACCESS Alberta, an educational service.
- CLT (Canadian Learning Television).
- SexTV, a digital specialty channel.
The Rogers-CTVglobemedia deal must be approved by the Canadian Radio-television and Telecommunications Commission.
The CRTC is also due to begin hearings on April 30 on the CHUM-CTVglobemedia deal. The federal competition bureau has already cleared the CHUM-CTVglobemedia merger.
Rogers Media is a unit of Rogers Communications Inc.
CTVglobemedia owns the CTV television network, including 21 stations and 15 specialty channels, and the Globe and Mail newspaper.
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