ASTRAL SELLS STAKE IN COMEDY NETWORK TO CORUS
By Adnews Staff
Montreal-based Astral Media Inc. is selling its 14.95% interest in The Comedy Network to Toronto-based Corus Entertainment. Financial details have not been disclosed. The move is part of the company's strategic plan for Astral to own or operate the networks in which its is involved said Ian Greenberg, president and chief executive officer of Astral Media. With this deal Corus doubles its stake in the specialty television channel to 29.9%. The channel's other shareholders are Bell Globemedia Inc., which holds a 65.10% interest, and Les Films Rozon Inc., which holds the remaining 5%.
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