TORONTO, June 22 /CNW/ - CTVglobemedia Inc. (CTVgm) today announced it
has closed the transaction for CHUM Limited having satisfied all of the
conditions for approval as set out in the Canadian Radio-television and
Telecommunications Commission (CRTC) decision of June 8, 2007.
All of the assets of CHUM Limited have now been released from the Voting
Trust Agreement with Mr. John D. McKellar, C.M., Q.C. with the exception of
the five Citytv stations which will remain in trust with Mr. McKellar pending
regulatory approval of their sale to Rogers Broadcasting Limited. As
previously announced CTVgm will proceed with the sale to Astral Media of CHUM
Limited's 50% interest in MusiquePlus and MusiMax.
CHUM Limited assets acquired include 34 radio stations, the A-Channel
Network of 6 local stations, CKX Brandon, and 19 specialty stations including
MuchMusic, Bravo!, Space, CP24 and CLT.
CTVglobemedia Inc. is Canada's premier multi-media company which owns CTV
Inc. and The Globe and Mail. CTV Inc. owns and operates conventional
television and radio stations across the country, and leading national
specialty channels. Other CTVglobemedia investments include an interest in
Maple Leaf Sports and Entertainment, and 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 Corporate Communication, (416)