Competition Bureau clears CHUM purchase

TORONTO - CTVglobemedia said this afternoon it has been told by the Competition Bureau that the Bureau is fine with the broadcaster's purchase of CHUM Ltd. The decision follows a diligent and thorough review of the industry by the Bureau's Mergers Branch, said the CTV release.The acquisition of CHUM remains subject to approval by the CRTC. CTVgm's application for such approval was made public yesterday by the CRTC, which also announced a public hearing to review the application will commence on April 30, 2007, as reported by Cartt.ca. www.ctvglobemedia.ca