Bloomberg and Channel Zero said they have plans to launch Bloomberg TV Canada, a new business-news channel, in mid 2015. The new channel will provide 24/7 Bloomberg global market coverage plus Canadian business and financial news, broadcasting from a new high-definition studio in Toronto's business district with a backdrop of the city's skyline, the companies said.
The companies did not disclose any distribution details, but Toronto's The Globe And Mailreported that the new channel would supersede Bloomberg TV, the business news network distributed in 75 million U.S. homes (per SNL Kagan), on many Canadian TV lineups. Channel Zero will be the majority owner of the new outlet, which will have about 35% Canadian content at launch, the newspaper said.
“Canada is a vital market for us," Michael R. Bloomberg, founder and majority shareholder of Bloomberg L.P., said in a release. "The Bloomberg Professional service has been in Canada’s top financial firms for more than 25 years, and it is now one of our fastest growing markets in the world. We look forward to providing our clients and business executives with engaging and informative television, detailing the impacts of global news on Canadian business and highlighting the newsmakers in Canada who are moving global markets.”
“We are thrilled to partner with Bloomberg to bring Canadian audiences business and financial news from here and around the world,” Cal Millar, president of Channel Zero (both are pictured above), said in the release. “Bloomberg TV Canada will benefit from Channel Zero’s expertise in news journalism and will tap into Bloomberg’s unmatched access to global business leaders. Simply put, our partnership with Bloomberg places us directly in the epicenter of the financial world.”
Channel Zero owns the over-the-air channel CHCH-TV and smaller specialty channels including Rewind and Silver Screen Classics.