$25 million purchase price for VisionTV, JoyTV, will endow charity

TORONTO - Moses Znaimer’s ZoomerMedia is buying VisionTV’s broadcasting assets in a deal worth $25 million.VisionTV (VTV) operates the multi-faith and multicultural channel by the same name that is available in nine million homes in Canada on basic cable, in addition to diginet One: the Body, Mind & Spirit channel, and the conventional TV stations Joytv 10 in Vancouver and Joytv 11 in Winnipeg.ZoomerMedia Limited (ZML) is a publicly traded company that caters to the interests of Canadians aged 45-plus through its radio, broadband and magazine properties, including CARP, Canada's largest association for retirees.“The VisionTV group of channels deliver unique and...