Rogers buys City stations for $375 million as CTV accepts decision

TORONTO – Recognizing that there was probably no way out of last week’s CRTC decision that disallowed the purchase of the Citytv franchise by CTV (a story first broken by Cartt.ca), CTVglobemedia agreed today to sell the five stations to Rogers Media for $375 million. Today’s deal scraps an earlier agreement that had Rogers acquiring the secondary market A Channels (Barrie, London, Wingham, Windsor and Ottawa Ont., as well as Victoria B.C.), which CTV will now hang onto. Rogers new stations will be Citytv Toronto (CITY-TV), Citytv Winnipeg (CHMI-TV), Citytv Edmonton (CKEM-TV), Citytv Calgary (CKAL-TV) and Citytv Vancouver (CKVU-TV). The...