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CTV pays $37 million for CKY-TV Manitoba

4/17/01

Toronto - CTV Inc. has announced that it has reached an agreement with Fred Wagman, the CRTC-approved depository, to acquire CKY-TV from Moffat Communications Limited for a purchase price of $37 million. The transaction is subject to approval by the CRTC.

Robin Fillingham, executive vice-president of CTV, said: "CKY-TV is an important strategic acquisition for CTV and will be our first network-owned station in Manitoba. We have a long-standing association with CKY and look forward to building upon CKY's position as the top-rated television station in Manitoba."

"I am very pleased that a successful agreement has been reached," said Fred Wagman, the CRTC-approved depository. "CKY will no doubt benefit from its strengthened position within the CTV television network." Wagman was appointed as depository of CKY-TV in connection with the acquisition of Moffat Communications Limited by Shaw Communications Inc.

CKY broadcasts throughout the province of Manitoba, and consists of CKY-TV Winnipeg, CKYB-TV Brandon, CKYD-TV Dauphin/Baldy Mountain., CKYA-TV Fisher Branch, CKYF-TV Flin Flon, CKYB-TV1 McCreary, CKYS-TV Snow Lake, CKYP-TV The Pas and CKYT-TV Thompson.

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