OTTAWA – The CRTC has approved the transfer of CHEK TV’s assets from Canwest to a numbered company owned by station employees, a local investment group and the Communications Energy and Paperworkers Union.In a decision on Monday, the CRTC identified the purchase price for the transaction as $2.00. It also noted that the station “is currently losing approximately $12 million per year and has not shown any marked improvement in profitability over the past three years”. The Commission also renewed the station’s broadcasting licence through August 31, 2016, though said that given the specific context of the renewal and the...
