Rogers Wants CHUM Parts
Canadian Cable Operator Buys TV Stations
By Multi Channel News Staff -- Multichannel News, 4/10/2007 1:45:00 PM
Canadian cable power Rogers Media agreed to buy some former CHUM TV stations and programming services from CTVglobemedia for $137.5 million in cash.
Rogers would acquire six over-the-air television stations called the A-Channel group; Access Alberta, an educational broadcaster in Alberta; CLT (Canadian Learning Television), a national educational television service and SexTV: The Channel, an English-language digital service.
CTV is in the process of buying CHUM for a reported $1.7 billion and promised to sell these assets as part of that deal, which is still awaiting Canadian Radio-television and Telecommunications Commission approval.
According to news Web site Cartt.ca, the deal adds needed scale to Rogers' TV division but doesn’t quite give it the size to be an additional national broadcast player when compared to CTV and CanWest.
The assets, if approved, will join its two multicultural broadcasters in Toronto, OMNI.1 and OMNI.2; faith stations in Vancouver and Winnipeg (also branded OMNI); specialty channel Rogers Sportsnet; and retailer/specialty service The Shopping Channel.
The company also owns pieces of Canadian versions of The Biography Channel and G4TechTV (both of which it operates) and minority positions in Viewers Choice Canada and Outdoor Life Network.
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