Bell/CTV combination looks to be powerful protection in our ever-changing media world

TORONTO – Bell Canada’s announcement this morning that it will spend $1.3 billion for all of CTV looks like a bid to protect and power a lot of its asset engines with a lot of superb oil and fuel.The deal comes with $1.7 billion in debt, and factoring in Bell’s 15% ownership of CTVglobemedia, places a total value of $3.2 billion on CTV. The Globe and Mail newspaper has been carved out, as the Thomson family will take majority ownership of the paper.If approved (and this doesn’t look to ring any Regulatory warning bells) the new company will bring under...