HEARING: Corus touts benefits of Teletoon et al transaction; others sound alarm

By Perry Hoffman

GATINEAU - Corus Entertainment was on the hot seat today, defending its proposed $400 million purchase of specialty services Teletoon, Historia and Series+ in front of the CRTC. The company is buying the assets from Bell Media as part of the latter’s requirement to divest assets resulting from its purchase of Astral.“We are here today to convince you that we are not only the best possible home for these assets but that our acquisition of these services is in the public interest. Allowing Corus to continue to grow will translate into more spending on Canadian programming and healthy competition in...