Canada TV Merger OK, But Rogers Deal Foiled

CANADA TV MERGER OK, BUT ROGERS DEAL FOILED
[SOURCE: Multichannel News, AUTHOR: Kent Gibbons]
Canada’s broadcast regulator Friday approved the sale of Chum to CTVglobemedia but with a condition that apparently wipes out a planned sale of some Chum TV stations and other assets to leading Canadian cable operator Rogers Media. The Canadian Radio-television and Telecommunications Commission nixed the sale of five Chum-owned Citytv stations in Toronto, Winnipeg, Edmonton, Calgary and Vancouver to CTVglobemedia, owner of the CTV network, citing a policy that bars any entity from operating more than one conventional television station in one language in a given market. The $137.5 million Rogers deal with Chum, struck in April, was based on there being no significant conditions attached to the bigger, $1.4-billion Chum sale.
http://www.multichannel.com/article/CA6450502.html