WildBrain selling majority stake in TV channels

By Connie Thiessen WildBrain is selling its majority stake in its TV channels in a deal valued at $40 million. The company announced Wednesday that independent, Halifax-based children’s studio IoM Media Ventures – led by former DHX Media CEO Dana Landry – will acquire 66 2/3 per cent of its television broadcast business, including Family Channel, Family Jr., WildBrainTV and Télémagino, pending CRTC approval. Under terms of the agreement, WildBrain says it expects to receive more than $40 million over the next four years from the transaction. The deal is expected to close in three to six months, with WildBrain...