The Canadian Press - ONLINE EDITION

Competition Bureau gives its OK for Corus to buy rest of Teletoon from Astral

  • Print

TORONTO - Corus Entertainment Inc. (TSX:CJR.B) says the Competition Bureau has cleared it to buy the remaining half of Teletoon and other specialty TV interests from Astral Media Inc. (TSX:ACM.B).

The asset sale was a condition of the Competition Bureau's approval of Astral's takeover by BCE Inc. (TSX:BCE), a $3.38-billion deal that would combine two of Canada's largest television and radio businesses.

Toronto-based Corus — which has been Astral's partner in several specialty channels — has conditionally agreed to buy the remaining 50 per cent of Teletoon, which includes the main channel, Teletoon Retro, their two French-language counterparts as well as the Cartoon Network (Canada).

Corus played a key role in helping Bell and Astral get Competition Bureau approval for their friendly deal by agreeing to $494 million in acquisitions.

They include the French language channels Historia and Series+, currently owned 50-50 by BCE and Shaw Media, a division of Shaw Communications (TSX:SJR.B).

The various transactions also require approvals from the Canadian Radio-television and Telecommunications Commission.

Fact Check

Fact Check

Have you found an error, or know of something we’ve missed in one of our stories?
Please use the form below and let us know.

* Required
  • Please post the headline of the story or the title of the video with the error.

  • Please post exactly what was wrong with the story.

  • Please indicate your source for the correct information.

  • Yes

    No

  • This will only be used to contact you if we have a question about your submission, it will not be used to identify you or be published.

  • Cancel

Having problems with the form?

Contact Us Directly
  • Print

You can comment on most stories on winnipegfreepress.com. You can also agree or disagree with other comments. All you need to do is be a Winnipeg Free Press print or e-edition subscriber to join the conversation and give your feedback.

You can comment on most stories on winnipegfreepress.com. You can also agree or disagree with other comments. All you need to do is be a Winnipeg Free Press print or e-edition subscriber to join the conversation and give your feedback.

Have Your Say

New to commenting? Check out our Frequently Asked Questions.

Have Your Say

Comments are open to Winnipeg Free Press print or e-edition subscribers only. why?

Have Your Say

Comments are open to Winnipeg Free Press Subscribers only. why?

The Winnipeg Free Press does not necessarily endorse any of the views posted. By submitting your comment, you agree to our Terms and Conditions. These terms were revised effective April 16, 2010.

letters

Make text: Larger | Smaller

LATEST VIDEO

Key of Bart: Those Damn Hipster Things

View more like this

Photo Store Gallery

  • Geese take cover in long grass in the Tuxedo Business Park near Route 90 Wednesday- Day 28– June 27, 2012   (JOE BRYKSA / WINNIPEG FREE PRESS)
  • MIKE.DEAL@FREEPRESS.MB.CA 100615 - Tuesday, June 15th, 2010 The Mane Attraction - Lions are back at the Assiniboine Park Zoo. Xerxes a 3-year-old male African Lion rests in the shade of a tree in his new enclosure at the old Giant Panda building.  MIKE DEAL / WINNIPEG FREE PRESS

View More Gallery Photos

Poll

Do you think it's a good idea for Theresa Oswald to enter NDP leadership race?

View Results

View Related Story

Ads by Google