TORONTO, March 2 /CNW/ - CTVglobemedia Inc. (CTVgm) has been advised by
the Competition Bureau that the Bureau does not have grounds upon which to
challenge CTVgm's acquisition of CHUM Limited. The decision follows a diligent
and thorough review of the industry by the Bureau's Mergers Branch.
CTVglobemedia's acquisition of CHUM Limited remains subject to approval
by the Canadian Radio-television and Telecommunications Commission (CRTC).
CTVgm's application for such approval was made public yesterday by the CRTC,
which also announced a public hearing to review the application will commence
on April 30, 2007.
CTVglobemedia is one of Canada's premier multi-media companies with
ownership interests in CTV Inc. and The Globe and Mail. CTV Inc. operates 21
conventional television stations across Canada and has interests in 15
specialty channels. Other CTVglobemedia investments include: an interest in
Maple Leaf Sports and Entertainment, which owns the Toronto Maple Leafs,
Toronto Raptors and the Air Canada Centre; and an interest in Dome
Productions, a North American leader in the provision of mobile high
definition production facilities.
For further information:
For further information: Mary Powers, SVP Communication, CTVglobemedia,
(416) 332-7135, firstname.lastname@example.org