Broadcasters Canwest Global Communications Corp. and Channel Zero are approaching the last hurdles to the license transfers of CHCH-TV Hamilton and CJNT-TV Montreal.

The CRTC is expected to signal Wednesday or Thursday to both broadcasters whether it will okay the transfer of ownership for the two local TV stations, also known as E! Quebec and E! Ontario, from Canwest Global to Channel Zero.

That decision follows a public hearing on Aug. 24 where neither broadcaster was asked to appear, and no third parties intervened.

Channel Zero has worked closely with the CRTC to ensure it meets all the conditions for the licence hand-overs, including striking a recent agreement with around 120 unionized employees at CHCH on key pension and benefits plans to replace those contained in the current deal with Canwest Global.

A Canwest Global spokesman said a greenlight from the CRTC will be followed by completion over the weekend of the acquisition, which is valued at $12.

Debt-laden Canwest Global put its five E!-branded TV stations on the auction block earlier this year to unload costs during a steep TV ad downturn.

The two broadcasters have had operational teams working closely to ensure a seamless transition of the E!-branded local TV stations to new formats at some point after midnight on Aug. 31, when the current licenses for CHCH-TV and CJNT-TV expire.

Both TV stations are expected to jettison expensive U.S. network series in favor of an all-news format in Hamilton during day-time and movies and music videos at night, while the Montreal station is to air both original foreign movies and multicultural music videos, introduced by multicultural hosts.