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BCE Makes Bid to Buy CTV

September 13, 2010

BCE Inc. has made a bid to buy CTV Inc. for $1.3B. The deal, if approved by the CRTC, will give control of The Globe and Mail to the Thomson family (who will hold an 85% stake in the newspaper through their holding company, Woodbridge Inc.). BCE is the largest telecom provider in Canada, while CTV is Canada’s largest private broadcaster.

The deal when approved will give Bell 27 television stations, 30 speciality channels, and the Globe. BCE’s strategy is to remain competitive within the mobile media landscape wherein smart phones are increasingly being used for watching content.

The deal also highlights how convergence – itself a term bandied about in the mid to late 1990s with the advent of the ‘information highway’, has now become a reality, particularly because of wireless technologies. This year has already witnessed the merger of Shaw Communications and Global TV ($2B), and Videotron’s recent announcement of a new wireless network also highlights how media corporations foresee the increased use of the mobile for content delivery.

See Steve Ladurantye, Bell Users in New Deal with CTV Deal, The Globe and Mail (September 11, 2010).
http://www.theglobeandmail.com/globe-investor/bell-ushers-in-new-era-with-ctv-deal/article1703754/

A brief history of BCE and CTV, The Globe and Mail
http://www.theglobeandmail.com/report-on-business/bce-and-ctv-a-brief-history/article1702783/

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