Deal for CLT closes

Corus Entertainment has completed its purchase of Canadian Learning Television, taking the former CHUM channel from its temporary owner, CTVglobemedia.

CTVgm cut the educhannel loose in March, though the $73 million deal needed approval by the CRTC. CLT reaches approximately 5 million households in Canada and is supported by post-secondary institutions. It airs both educational and entertainment programming.

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. Corus also owns YTV, W Network and Movie Central, along with other TV and radio outlets.

From Media in Canada