GATINEAU – The CRTC today approved an application made by WOW! Unlimited Networks to revoke the broadcasting licence for the former specialty channel known as Comedy Gold.
Back in 2017, when WOW agreed to purchase the channel from Bell Media for $6.86 million, the kids content production company (in which Bell took an ownership stake in as part of the deal for Comedy Gold), said it was going to turn the channel which aired old sitcoms into a kids channel. That, of course, never happened and Comedy Gold went dead at midnight, August 31, 2019, still being run by Bell Media.
The licence revocation also nullifies the requirement for WOW Networks to pay the $687,000 in tangible benefits owing.
Comedy Gold earned just over $2 million in revenue from 513,000 subscribers in its final year of existence, according to Bell Media CRTC filings.
