Late last week, the CRTC ordered CTVglobemedia to sell off the five Citytv properties it acquired in its purchase of CHUM Ltd., because CTV already operates over-the-air stations in those markets (Toronto, Vancouver, Edmonton, Calgary, and Winnipeg). This morning it was announced that Rogers Media would be purchasing those stations for $375 million, because it’s apparently not a problem for them to have more than one over-the-air station in a given market.
This afternoon, the Toronto Star reported that Rogers intends to move Citytv from Queen and John to another location yet to be determined. MuchMusic, Bravo!, Space, and the other channels housed at 299 Queen West will be staying put, however, as they will remain under the ownership of CTVglobemedia, which isn’t letting go of the building. This puts CP24 in a particularly precarious position: despite being inextricable from CityNews, it’s not part of the deal with Rogers, and it’s unlikely that CTV enjoys paying to run multiple 24-hour news networks.
If nothing else, Torontoist can’t help but wonder what this will all mean for Citytv’s Washington, D.C. operations.
Photo by Samer Farha from the Torontoist Flickr pool.