MONTREAL — Canuck broadcaster Corus Entertainment has inked a deal to pay C$73 million ($74 million) for pay TV channel CLT (Canadian Learning Television) from CTVglobemedia. CTVglobemedia, which owns the CTV Network and a slew of specialty channels, picked up CLT when it bought rival broadcaster Chum for $1.4 billion last year.
CLT is a national educational channel that airs re-runs of Hollywood shows like “The West Wing” and documentaries. It is based in Edmonton.
The deal is subject to approval from the federal broadcast regulator the Canadian Radio-Television and Telecommunications Commission (CRTC).
“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,” said Corus CEO John Cassaday.
Corus already owns the pay outlets YTV, Treehouse, W Network, and Movie Central.