Friday, June 08, 2007

CRTC tells CTVglobemedia to sell 5 Citytv stations

CRTC tells CTVglobemedia to sell 5 Citytv stations: "Canada's broadcast regulator has thrown a huge wrench into CTVglobemedia's $1.7-billion plan to take over CHUM Ltd.

The CRTC has told CTVglobemedia it will approve its acquisition of CHUM, but only if it sells all five of the Citytv stations it also acquired in the deal"

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