Rogers Media to Acquire Remaining Interests in OLN
Nov 16, 2007
TORONTO, Nov. 16 /CNW/ - Rogers Media today announced it had reached separate agreements with each of CTVglobemedia ("CTVgm") and VERSUS L.P. ("VERSUS") under which Rogers Broadcasting, a Rogers Media subsidiary, would acquire CTVgm's and VERSUS's respective one-third interests in Outdoor Life Network Canada ("OLN"). Today, OLN is owned one-third each by Rogers Broadcasting, CTVgm and VERSUS. The transactions are subject to CRTC approval. OLN is a 24-hour specialty network that delivers the most compelling and comprehensive selection of outdoor programming for athletes and explorers of all ages. The acquisitions are expected to close in the first quarter of 2008. About the Companies: Rogers Media Inc., a division of Rogers Communications Inc. (TSX: RCI; NYSE: RCI), operates Rogers Broadcasting and Rogers Publishing. Rogers Broadcasting has 51 AM and FM radio stations across Canada. Television properties include 5 Citytv stations as well as the OMNI multicultural television stations. Rogers Sportsnet, Canada's live event leader, offers viewers five channels and Sportsnet HD and the Shopping Channel is a televised and Internet shopping service. Rogers Publishing produces many well-known consumer magazines such as Maclean's, Chatelaine, Flare, L'actualité and Canadian Business, and is the leading publisher of a number of industry, medical and financial publications. All media properties are integrated with their own popular web sites. Rogers Media also owns The Toronto Blue Jays Baseball Club and Rogers Centre, a year-round sports and entertainment facility. CTVglobemedia Inc. is Canada's premier multi-media company with ownership of CTV, Canada's No. 1 television network, and The Globe and Mail, Canada's No. 1 national newspaper. CTV Inc. owns and operates 27 conventional stations across the country, with interests in 35 specialty channels, including Canada's No. 1 specialty channel, TSN. CTVglobemedia also owns the CHUM Radio Network, which operates 35 radio stations throughout Canada, including CHUM FM, Canada's No. 1 FM station. Other CTVglobemedia investments include an interest in Maple Leaf Sports and Entertainment, which owns the Toronto Maple Leafs, Toronto Raptors and the Air Canada Centre; and an interest in Dome Productions, a North American leader in the provision of mobile high definition production facilities. More information about the company can be found at www.ctvglobemedia.com. VERSUS (VERSUS.com) celebrates real competition in all its forms. Now in more than 74 million homes in the US, the network is the national cable home of the National Hockey League (NHL) and the Stanley Cup Playoffs as well as best-in-class events such as The Tour de France, Davis Cup Tennis, the Professional Bull Riders (PBR), World Extreme Cagefighting (WEC) and Professional Boxing. The network also offers collegiate sports featuring nationally-ranked teams from top conferences such as the Pac-10, Big 12 and Mountain West. VERSUS features the best field sports programming on television and is a destination for sports fans, athletes and sportsmen to find exclusive, competitive events that audiences can't find elsewhere. VERSUS, a wholly owned company of Comcast Corporation (NASDAQ: CMCSA, CMCSK), is distributed via cable systems and satellite operators throughout the United States.
For further information:
For further information: Rogers Media, Media - Jan Innes, (416) 935-3525, firstname.lastname@example.org; Investors - Dan Coombes, (416) 935-3550, email@example.com; CTVglobemedia, Media - Bonnie Brownlee, (416) 332-7190, firstname.lastname@example.org