OTTAWA-GATINEAU – Rogers Broadcasting Inc.’s application to acquire CTV’s stake in Outdoor Life Network, and the CBC’s application to purchase CTV’s shares in ARTV inc. were gazetted Tuesday (Broadcasting Public Notice 2008-27).
On behalf of 1163031 Ontario Inc., Rogers Broadcasting is applying to acquire all of the issued and outstanding shares currently held by CTV in Outdoor Life for $38.805 million. Rogers is proposing a $3.880 million tangible benefits package in conjunction with the sale.
CBC is paying $1.760 million for CTV’s stake in the French-language arts channel ARTV. The CBC currently holds 45.09% and CTV 15.57% of the channel. If the buyout is approved, CBC would increase its voting shares to 60.66% The other shareholders in the channel are Tele-Quebec (24.34%) and ARTE France (15%). The CBC isn’t proposing any tangible benefits package in conjunction with the acquisition because “the proposed transaction does not represent a change in the effective control of ARTV inc.”
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