CRTC approves CKVU sale

CHUM to own two Canadian channels

MONTREAL — CHUM Ltd. of Toronto has received approval from federal broadcast regulator the Canadian Radio-television and Telecommunications commission (CRTC) to acquire Vancouver TV station CKVU from CanWest Global Communications for C$125 million ($80 million).

The decision is notable because the CRTC has traditionally frowned upon allowing a company to own two stations in the same market. CHUM already owns CIVI in nearby Victoria, British Columbia, which broadcasts into the Vancouver market.

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