CTV sells CKX-TV to Bluepoint
By Adnews Staff
CTV has sold CKX-TV in Brandon, MB to Bluepoint Investment Corporation. The sale price was one dollar. "We are delighted to announce our acquisition of the Brandon station, the first part of our strategic plan to become a significant media player in North America," said Colin Berrie, CEO of Bluepoint. "We believe that with the CRTC's recent announcement regarding the Local Programming Improvement Fund, the potential is very good in small-market television." The deal, which remains subject to CRTC approval, is expected to close before the end of the year.
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