TORONTO – Rogers Communications said this afternoon it will buy 35 Dundas Street East, currently known as The Olympic Torch building to house Citytv and OMNI Television in Toronto.
The acquisition of the building is subject to certain important conditions being fulfilled, says the press release The closing schedule is currently planned for mid November.
A move-in date for the building that’s just around the corner from the Eaton Centre has not been selected and Rogers Media’s base on Lakeshore Avenue where OMNI is currently housed, will continue to be a Rogers building.
Rogers acquired Citytv Toronto along with four other City stations across the country earlier this year and part of the deal was that it had to get out of City’s existing base at 299 Queen St. W. within three years. This purchase will surely accelerate that.
"We think this building portrays the local, urban and diverse character of Citytv and OMNI Television," said Tony Viner, president and CEO, Rogers Media, in the release. "We were determined to find a location that would maintain the stations’ presence in the local fabric of the city."
