Transaction closed – Rogers takes operating control of Citytv
TORONTO, Oct. 31 /CNW/ - Rogers Media today announced that the transaction to purchase the five Citytv conventional television stations closed earlier today. The stations acquired from CTVglobemedia Inc. were under the control of Mr. John D. McKellar, C.M., Q.C., Trustee under a Voting Trust Agreement in respect of CHUM Limited. The Citytv network includes Citytv Toronto (CITY-TV), Citytv Winnipeg (CHMI-TV), Citytv Edmonton (CKEM-TV), Citytv Calgary (CKAL-TV) and Citytv Vancouver (CKVU-TV). In light of this announcement, Rogers Broadcasting, a Rogers Media subsidiary, takes immediate control of the Citytv operations under the direction of Leslie Sole, Chief Executive Officer of Television for Rogers Media. "We are extremely pleased that we were able to close this transaction on schedule, allowing us to now proceed with managing these stations and expanding our broadcasting operations in these major markets," said Leslie Sole, CEO, Television, Rogers Media. About Rogers Media Inc. Rogers Media Inc., a division of Rogers Communications Inc., operates Rogers Broadcasting and Rogers Publishing. Rogers Broadcasting has 51 AM and FM radio stations across Canada. Television properties include multicultural television broadcaster Rogers OMNI Television, which is a free over-the-air system consisting of four regional broadcasters; The Shopping Channel, a televised and electronic shopping service; Rogers SportsNet, Canada's live event and high-definition leader, and the management of two digital television services. Rogers Publishing produces many well-known consumer magazines such as Maclean's, Chatelaine, Flare, L'actualité and Canadian Business, and is the leading publisher of a number of industry, medical and financial publications. All media properties are integrated with their own popular web sites. Rogers Media also owns The Toronto Blue Jays Baseball Club and Rogers Centre, a year-round sports and entertainment facility.