Corus Entertainment buys Canadian Learning Television
Corus Entertainment has reached an agreement to purchase the specialty channel Canadian Learning Television from CTVglobemedia for approximately $73 million. "The acquisition of CLT represents another great growth opportunity for Corus Entertainment," said Corus president and CEO John Cassaday. "We are convinced that with the access to over five million households that CLT currently enjoys we have the know-how and experience to build on the success the network has achieved thus far." The transaction is subject to CRTC approval.