Rogers Media snaps up 5 Citytv stations

Rogers Media snaps up 5 Citytv stations: "Rogers Media is paying $375 million in cash for the five Citytv stations that the CRTC ordered CTVglobemedia to sell late last week.

The purchase will further solidify the presence of Rogers as a major media player in Canada as it adds a national network of TV stations to its already extensive portfolio."