TORONTO, Oct. 22 /CNW/ - Rogers Communications has entered into a binding
agreement to acquire 35 Dundas Street East, currently known as The Olympic
Torch building to house Citytv and OMNI Television in Toronto. The acquisition
is subject to certain important conditions being fulfilled. The closing
schedule is currently planned for mid November.
"We think this building portrays the local, urban and diverse character
of Citytv and OMNI Television," said Tony Viner, President and CEO, Rogers
Media Inc. "We were determined to find a location that would maintain the
stations' presence in the local fabric of the city."
Rogers Communications is a diversified Canadian communications and media
company. We are engaged in wireless voice and data communications services
through Wireless, Canada's largest wireless provider and the operator of the
country's only Global System for Mobile Communications ("GSM") based network.
Through Cable and Telecom we are one of Canada's largest providers of cable
television, cable telephony and high-speed Internet access, and are also a
national, full-service, facilities-based telecommunications alternative to the
traditional telephone companies. Through Media, we are engaged in radio and
television broadcasting, televised shopping, magazines and trade publications,
and sports entertainment. We are publicly traded on the Toronto Stock Exchange
("TSX") (RCI.A and RCI.B), and on the New York Stock Exchange ("NYSE") (RCI).
For further information about the Rogers group of companies, please visit