June 12, 2007 / 1:37 PM / 12 years ago

Rogers Media to buy Citytv stations

TORONTO, June 12 (Reuters) - Rogers Media, a division of Rogers Communications (RCIb.TO), said late on Monday that it planned to buy five Citytv television stations from CTVglobemedia in a deal valued at C$375 million.

CTVglobemedia was ordered last week to sell the five stations by the regulatory Canadian Radio-Television and Telecommunications Commission as a condition for the approval of its C$1.7 billion ($1.6 billion) purchase of the CHUM radio and television empire.

The companies said the agreement replaces a previously announced pact in which CTVglobemedia Inc. agreed to sell its A-Channel stations and certain specialty channels to Rogers Media.

CTVglobemedia is owned by Bell Canada (BCE.TO), the Thomson family’s Woodbridge Co., Torstar Corp. (TSb.TO) and the Ontario Teachers’ Pension Plan.

($1=$1.06 Canadian)

((Reporting by Scott Anderson, editing by Bernadette Baum; scott.anderson@reuters.com; Reuters Messaging: scott.anderson.reuters.com@reuters.net; 416 941-8106)) Keywords: ROGERS CITYTV/

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