TORONTO – Corus Entertainment Inc. announced Friday that the Company has reached an agreement to purchase the analog specialty television service CLT (Canadian Learning Television) from CTVglobemedia for about $73 million. The transaction is subject to approval by the CRTC.
“The acquisition of CLT represents another great growth opportunity for Corus Entertainment,” said Corus Entertainment President and CEO John Cassaday in a statement. “We are convinced that with the access to over 5 million households that CLT currently enjoys, we have the know-how and experience to build on the success the network has achieved thus far.”
Among its other interests, Corus has holdings in children’s book publishing and children’s animation through YTV, Treehouse, Kids Can Press, and Nelvana.
www.corusent.com
