CTVglobemedia Inc. Completes Purchase of Vancouver Radio Station CFBT-FM (The BEAT 94.5 FM)

    TORONTO, Nov. 1 /CNW/ - CTVglobemedia today announced the completion of
its purchase of the radio assets of The Beat Broadcasting Corporation in
Vancouver, BC, which owns and operates Vancouver radio station CFBT-FM (The
BEAT 94.5 FM). CRTC approved the transaction in early October.

    "CFBT-FM is an important addition to our radio group," said Paul Ski,
President, CHUM Radio, a subsidiary of CTVglobemedia Inc. "The BEAT 94.5 has
been a great success with both listeners and advertisers and CHUM Radio plans
to build on that success. The talented and dedicated staff of The BEAT 94.5
have built a terrific radio station and we are pleased to welcome them to the
CHUM Radio team."

    Launched in 2002, The BEAT 94.5 is a Contemporary Hit Radio Station that
has grown to become a ratings leader in the Vancouver radio market. The
BEAT 94.5 serves Vancouver's young adult audience, ranking No.1 in both adults
and females in the 18-34 age demographic. The BEAT 94.5 will complement our
existing roster of AM and FM Vancouver stations that consist of 103.5 QM-FM,
Vancouver's choice for Soft Favourites, CFUN 1410, Vancouver's NEW Talk and
The TEAM 1040, Sports Radio, home of the Vancouver Canucks.

    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: Bonnie Brownlee, CTVglobemedia, (416) 332-7190

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