TORONTO – Three longstanding Telelatino owners, together with the company president, have completed the buyback of the 50.5% interest in TLN originally acquired by Corus Entertainment over 17 years ago.
Going forward, the company will officially be known as TLN Media Group, it was announced today. Financial details were not disclosed.
“With this consolidation we have created ownership certainty and security,” said TLN president Aldo Di Felice. “The organization now sits on a solid and established footing and can focus on the future development of ethnic media in Canada.
“The Di Battista, Rosati and Joseph Vitale families are well known for their business success, community involvement and charitable efforts. They were early investors in TLN and have remained committed supporters for three decades. I am pleased to partner with them and continue to develop TLN Media Group into an even more influential Canadian independent multicultural media organization.”
