TORONTO, July 16 /CNW/ - CTV today announced the sale of CKX-TV Brandon
(a CBC-affiliated broadcast service) to Bluepoint Investment Corporation, for
one dollar. It is anticipated that the deal will close on or before December
31, 2009, pending CRTC approval.
"This is good news for the employees that work at CKX-TV Brandon and the
surrounding communities who depend everyday on the local programming that the
station provides," said Paul Sparkes, Executive Vice-President, Corporate
Affairs, CTVglobemedia. "Being an independent operator, Bluepoint will be able
to access the Small Market Local Programming Fund. This is something that
neither CTV nor Canwest have been able to draw from - unlike Shaw, for
instance, which receives a subsidy from the Fund for its Kenora television
Bluepoint assumes all of CKX-TV's broadcast assets, liabilities and
commitments with the purchase, including the station's 39 employees.
"We are delighted to announce our acquisition of the Brandon station, the
first part of our strategic plan to become a significant media player in North
America. We believe that with the CRTC's recent announcement regarding the
Local Programming Improvement Fund (LPIF), the potential is very good in
small-market television," said Colin Berrie, CEO of Bluepoint.
Bluepoint Investment Corporation is a Canadian investment company headed
by Bruce Claassen, an individual well recognized for his contribution to the
Canadian media industry.
For further information: Bonnie Brownlee, Senior Vice President,
Corporate Communications, (416) 384-7190 or email@example.com