HEADLINE MEDIA GROUP COMPLETES PRIDEVISION SALE
By Adnews Staff
Headline Media Group has completed the sale of the PrideVision TV network in Canada to broadcast executive Bill Craig. The sale price of $2.3 million included $1.35 million in cash and the assumption of various liabilities worth $960,000. Headline Media Group will hold onto the right to develop PrideVision TV outside of Canada, and keep a 9.9% interest in the channel's Canadian operations. That subsidiary will be renamed PrideVision International Holding.
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