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HEADLINE MEDIA GROUP SELLS PRIDEVISION

By Adnews Staff

Headline Media Group has reached an agreement to sell its PrideVision TV television network. The company said broadcast executive Bill Craig will buy the gay and lesbian lifestyle channel for $2.6 million. As part of the deal, Headline Media Group said it will hold on to the rights to develop PrideVision TV outside of Canada. The company will also keep a 10% in PrideVision TV's Canadian operations. Headline Media Group, which also operates The Score sports network, launched PrideVision TV in September 2001.

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