Corus Entertainment to Acquire CLT from CTVglobemedia

TORONTO, March
7: Corus Entertainment has reached an
agreement to purchase the analogue specialty channel CLT (Canadian Learning
Television) from CTVglobemedia for approximately C$73 million.

The transaction is subject
to approval by the Canadian Radio-television and Telecommunications Commission
(CRTC).

"The
acquisition of CLT represents another great growth opportunity for Corus
Entertainment," said John Cassaday, the president and CEO of Corus
Entertainment. "We are convinced that with the access to over 5 million
households that CLT currently enjoys we have the know-how and experience to build
on the success the network has achieved thus far."

—By
Irene Lew