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CTVGlobemedia to Become CTV, Globemedia

By Steve Kupferman

Bell Canada Enterprises (BCE) announced this morning that it would be taking full ownership of CTV, pending approval by federal regulators. The buyout, says the Globe, would effectively break up CTVGlobemedia, a corporate entity created in 2005 after BCE sold off part of their stake in the former Bell Globemedia—a media conglomerate that was in turn created in 2000, when BCE first acquired CTV and merged it with the Globe. Majority ownership of the Globe would revert to its previous majority owners, the Toronto-based Thomson family.

Comments

  • http://undefined lunarworks

    An odd series of events. I expect in another 5 years Bell will sell them again, and then buy them again in 10 years time.

  • http://undefined rek

    If I’m following this correctly, it amounts to some rearranging of furniture on the deck of the good ship Media Concentration.

  • http://stevekupferman.typepad.com Steve Kupferman

    Correct! And well put.