Corus buys CLT from CTVglobemedia

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,...