Radio / Television News

After losing almost $98M, CTV asks for “urgent regulatory relief” for ‘A’ channels


OTTAWA and TORONTO – CTV says that only “urgent regulatory relief” can help to keep its struggling stable of ‘A’ channels afloat.In an application to the CRTC, CTV said that its six ‘A’ stations, which it acquired as part of its 2007 purchase of CHUM Ltd., “continue to lose tens of millions of dollars annually”, despite improved ratings and an investment of approximately $240 million in programming over the last three years.In order to ensure that the stations “are in a position to continue to operate in the short term”, CTV has asked the Commission to extend “interim regulatory flexibility”...