Monday, April 09, 2007
Rogers buys A-Channel
Rogers Broadcasting is buying several CHUM Television stations, that where acquired last year by Bell Globemedia (CTV) and have been under control of a trustee.
Stations in Victoria, Windsor, Wingham, London, Barrie and Ottawa will be part of the purchase that also include SexTV, educational channel ACCESS, Canadian Learning Television, and CKX, a CBC affiliate in Brandon, Manitoba for $137.5 million cash.
The deal is subject to approval by the CRTC.
"These important stations are run by very talented people and we are delighted to have been able to find them a wonderful home at Rogers Broadcasting," said Ivan Fecan, CTVglobemedia President and Chief Executive Officer and CEO of CTV Inc. "Rogers is a highly respected Canadian media company. They are great builders and as such, are an excellent fit as the purchaser of these assets. I know they will continue to grow the specialty channels and apply their significant expertise, financial resources and commitment to conventional tv to ensure the A-Channel local stations not only survive, but thrive. This acquisition will both provide for diversity of local voices and give Rogers the scale to emerge as the fourth national English language over the air player together with CTV, CanWest and the CBC."