Corus buys CLT

CTVgm has cut loose another former CHUM property, selling Canadian Learning Television to Corus Entertainment for some $73 million. The deal, revealed Friday, is subject to approval by the CRTC and ‘represents another great growth opportunity for Corus,’ said president and CEO John Cassaday in a statement.

‘We are convinced that with the access to over 5 million households that CLT currently enjoys we have the know-how and experience to build on the success the network has achieved thus far,’ he added.

Corus also owns YTV, W Network and Movie Central, along with other TV and radio outlets. CTVgm acquired CLT with its purchase of CHUM last year, shortly after which it also sold the 50% interest it had picked up in the French-language channels MusiquePlus and MusiMax.