OTTAWA – The federal broadcast regulator is allowing CTVglobemedia to buy broadcaster CHUM Ltd. but only if the broadcaster sells five Citytv stations, including its flagship operation in Toronto…
That’s one very big “but”.
CTVglobemedia, operator of the CTV television network, wanted to keep the Citytv stations included in the purchase of CHUM. It did, however, offer to sell CHUM’s A-Channel television stations to Rogers Communications if the Canadian Radio-Television Telecommunications Commission approved the purchase of CHUM.
From thestar.com again:
In its announcement, the CRTC said the purchase would be “inconsistent” with the regulator’s policy for CTVglobemedia to operate more than one conventional television station in one language in a given market.
“The purpose of this policy is to maintain diversity of voices within the Canadian broadcasting system,” CRTC chairman Konrad von Finckenstein said in a statement.
CTVglobemedia says it’s reviewing today’s CRTC decision.