DHX Media buys Family, Disney XD and Disney Junior for $170M

HALIFAX and TORONTO – Children's entertainment company DHX Media is buying Family, Disney XD, and the English- and French-language Disney Junior channels from Bell Media for approximately $170 million in cash, the companies announced Thursday.The deal comes as part of Bell Media's requirement to divest some properties to comply with regulatory body conditions attached to its acquisition of Astral Media last July. The transaction is expected to close in 2014 pending approval by the CRTC and the Competition Bureau."The acquisition of these high-quality Canadian channels represents an exciting new addition to DHX, one that complements and enhances all areas of...