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BCE to take full control of CTV

BCE to take full control of CTV

BCE Inc., Canada's largest telecom company, is buying the top television network in Canada and the Thomson family is regaining majority ownership of the country's national newspaper.
BCE said Friday it will obtain CTV television in a $1.3-billion Canadian (US$1.25 billion) deal. In a separate transaction, Thomson owned Woodbridge holdings will acquire ownership of the Globe and Mail newspaper, in which Bell will continue to retain a 15 percent stake.
The deal splits up the assets of CTVglobemedia, which owned the Globe and Mail newspaper.
The Ontario Teachers Pension Plan and Toronto Star owner Torstar Corp. will shed their holdings in CTVglobemedia.


Updated : 2021-06-17 17:38 GMT+08:00