SCN purchase costs Rogers $3M

TORONTO – Rogers Broadcasting has bid $3 million for its 100% stake in Saskatchewan Communications Network (SCN) which it is planning to re-launch as Citytv Saskatchewan. The CRTC has yet to approve the acquisition, but is scheduled to review it during a hearing on May 7 held at the Allstream Centre in Toronto. Rogers is buying the former Saskatchewan provincial public broadcaster from Bluepoint Investments in a deal that was officially announced in January. Bluepoint paid the Saskatchewan government $350,000 for the station late in 2010 after promising to spend $1.75 million per year on independent Saskatchewan production, and $1 million per year on...