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Media News
Corus Entertainment to acquire CLT from CTVglobemedia
TORONTO - Corus Entertainment Inc. announced that they have reached an agreement to purchase the analog specialty television service CLT (Canadian Learning Television) from CTVglobemedia. The transaction is subject to approval by the Canadian Radio-television and Telecommunications Commission (CRTC). The acquisition price for CLT is approximately $73 million Cdn (subject to the customary closing adjustments).
"The acquisition of CLT represents another great growth opportunity for
Corus Entertainment," said John Cassaday, President and CEO, Corus
Entertainment. "We are convinced that with the access to over 5 million
households that CLT currently enjoys we have the know-how and experience to
build on the success the network has achieved thus far."
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