CTV Retains Financial Advisors TORONTO,Feb. 27 2000 --The Board of Directors of CTV Inc. announced
today that it has retained financial advisors Newcrest Capital Inc. and TD
Securities Inc. to assist the Corporation in evaluating the offer from BCE
Inc. and other options available to the Corporation.
Through its network operations, CTV reaches 99 per cent of
English-speaking households, offering a wide range of quality news, sports,
information and entertainment programming. The company owns and operates 25
stations, of which 18 are CTV affiliates, six are CBC affiliates, and one is
an independent station, VTV. CTV also owns ASN, a satellite television service
in the Maritimes.
Specialty channel holdings include: CTV Newsnet (100 per cent); Talk TV
(100 per cent); The Comedy Network (65.1 per cent); CTV Pay-Per-View Sports
(60 per cent); CTV Sportsnet (40 per cent); Outdoor Life Network (33.34 per
cent); and History Television (12 per cent).
On March 5, 1999, CTV acquired a 68.46 per cent interest in NetStar
Communications Inc. The acquisition of NetStar is currently held in trust
pending regulatory approval. NetStar owns The Sports Network Inc. (TSN); Le
Réseau des Sports (RDS) Inc.; Dome Productions Inc. (one of the largest mobile
production facilities in Canada) and, through its 80 per cent owned
subsidiary, operates the Discovery Channel. NetStar also has a 24.95 per cent
interest in Viewer's Choice Canada Inc. CTV Inc.'s shares trade on The Toronto
Stock Exchange under the symbol TV.
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For further information:Thomas Curzon, Vice-President, Corporate
Communications, (416) 332-5281 |
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