Radio & Television

Ownership shakeup in store for Bell Globemedia

TORONTO - A new ownership structure has been announced for Bell Globemedia that would see BCE Inc. give up its position as major shareholder, as the Ontario Teachers’ Pension Plan and Torstar join as new shareholders.BCE would decrease its share to 20% from 68.5%, while The Woodbridge Company, the Toronto-based holding company of the Thomson family, would increase its ownership from 31.5% to 40%. The two new shareholders—Teachers' and Torstar—would each acquire a 20% stake in the Canadian media giant. “The continuing support of BCE and Woodbridge and the addition of Teachers' and Torstar represents a strong vote of confidence...