Friday, December 02, 2005

CBC News: BCE sells major stake in Bell Globemedia to Torstar, Teachers'

CBC News: BCE sells major stake in Bell Globemedia to Torstar, Teachers': "Canada's media-ownership landscape is in for a major reshaping with news that BCE Inc. is selling off a huge chunk of its media division � Bell Globemedia � to Torstar Corp. and the Ontario Teachers' Pension Plan.
Bell Globemedia owns the CTV television network, the sports specialty channel TSN, and the Globe and Mail newspaper.


Once the proposed deal is done, BCE's stake in the media company will have dropped from 68.5 per cent to just 20 per cent. "

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