Radio / Television News

BGM to take CHUM?

TORONTO – Employees inside the companies have not yet been officially informed, sources have told Cartt.ca, but the globeandmail.com is reporting that Bell Globemedia is set to purchase CHUM Limited. CHUM shares have ceased trading on the TSX, pending a potential announcement. CHUM owns 33 radio stations, 21, specialty channels and 12 local TV stations (Citytvs and A-Channels). The move would be a complicated one, to be sure as several assets overlap and may need to be sold off due to CRTC and Competition Bureau concerns, but it would also make CTV the largest electronic media force in Canada. Besides...