Move comes as CTV preps takeover
Chum prexy-CEO Jay Switzer will step down within two weeks after more than 20 years at Canada’s leading broadcaster.Switzer, who made his announcement to staffers late last week, is leaving Toronto-based Chum just as rival broadcaster CTVglobemedia is about to take over the company. Earlier this month, broadcast regulator the Canadian Radio-Television and Telecommunications Commission approved CTVglobemedia’s C$1.4 billion ($1.3 billion) acquisition of Chum. However, the CRTC forced CTVglobemedia to sell Chum’s five City-tv stations, which Switzer developed. Canuck cable operator Rogers is buying City-tv for $349 million.