BATON TO CONTROL CTV
By Adnews Staff
Baton Broadcasting is closer to controlling the CTV Television Network. The Canadian Radio-television and Telecommunications Commission has approved a series of deals which allow Baton to increase its interest in CTV from 14.3% to 42.9%. Baton will control three of seven seats on CTV's board. The deal could close as early as next week. In addition, Baton bought Calgary TV station CFCN and sold 50% of it to Electrohome Ltd. of Kitchener, Ont. Electrohome also bought 50% of Baton's six Saskatchewan stations. CFCN was owned by Shaw Communications of Calgary.
« Back Next »
Comments
blog comments powered by Disqus