Rogers Media to Acquire Citytv Assets from CTVglobemedia

Press Release - June 13, 2007

Rogers Media, a unit of Canada’s biggest cable company, announced Monday evening that it is purchasing five local television stations from CTVglobemedia, at a cost of C$375 million.

Canada’s telecom and media regulator, the CTRC, ordered CTVglobemedia to sell the five-station Citytv franchise after its C$1.7 billion acquisition of the CHUM radio and television conglomerate. The affected Citytv channels are based in Toronto, Winnipeg, Edmonton, Calgary, and Vancouver.

This agreement replaces an earlier tentative deal in which CTVglobemedia had agreed to sell its A-Channel TV stations, also part of CHUM, to Rogers Media.