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.
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