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CHUM fire damage pegged at $100,000

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CHUM Limited
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Publicly Traded Canadian Broadcasters
TORONTO - It could have been disastrous.

Last Sunday, September 5th, a man somehow gained entry to what is probably the most identifiable media building in the country, the CHUM/City building on Queen St. W. in Toronto and set several fires.

Police said that at about 1:40 a.m., a man went into the production room on the fifth floor and set fires in several places, destroying some computer equipment and office furniture.

Police arrested a suspect, Giang Ly, 32, on the scene and charged him with arson, said Canadian Press.

CHUM/City is the home to Citytv as well as numerous other stations such as Bravo! MuchMusic, CP24 and Space and we're sure CHUM execs shudder at the prospect of what could have happened to the company should the fires have spread through the century-old building.
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