Monday, March 30th18.9°C
25757
25263

CBC gets approval to sell Bold TV

The Canadian Broadcasting Corp. has received approval from the Conservative cabinet to sell digital specialty channel Bold for more than $4 million.

Blue Ant Media, a privately held media company based in Toronto, will take ownership of the assets after being given the final OK last week, according to a posting on the government's website.

Bold carries a broad range of different programing that it describes as "focusing on the lives of rural Canadians."

Some of the series that air on its channel include repeats of "Party Down," a comedy about a catering company, and "Skins," a dramatic series following a group of British teenagers dealing with a culture of sex, drugs, school and friends.

Blue Ant has said the Bold channel has about 2.6 million subscribers across the country.

The CBC has been looking for ways to cut costs across its operations after the latest federal budget showed the broadcaster would face a $115-million reduction in annual funds, or about 10 per cent less in payments each year.

Last April, the CBC told staff it would cut 650 jobs under a three-year plan and apply for regulatory approval for radio advertising on two of its national music channels.

The broadcaster didn't tie the sale of Bold to the reduction in funding from the government when it was first announced last summer.

The Canadian Press


Read more Business News

25670


Recent Trending




Today's Market
S&P TSX14908.39+95.97
S&P CDNX680.33-1.10
DJIA17976.31+263.65
Nasdaq4947.44+56.22
S&P 5002086.24+25.22
CDN Dollar0.7883-0.0003
Gold1184.70-0.10
Oil48.00-0.68
Lumber280.60+1.30
Natural Gas2.62-0.05

 
Okanagan Companies
Pacific Safety0.115-0.010
Knighthawk0.010.00
QHR Technologies Inc1.50+0.00
Cantex0.03-0.01
Anavex Life Sciences0.215-0.004
Metalex Ventures0.04-0.01
Russel Metals24.40-0.10
Copper Mountain Mining1.18+0.05
Colorado Resources0.12-0.01
ReliaBrand Inc0.006-0.001
Sunrise Resources Ltd0.045+0.000
Mission Ready Services0.235-0.020
Decisive Dividend Corporation1.80+0.02

 





FEATURED Property
19272473075 Beverly Place
4 bedrooms 3 baths
$2,195,000
more details
image2image2image2
Click here to feature your property
Please wait... loading


Down payment

If you have less than 20% down payment, mortgage insurance is required through Canada Mortgage & Housing (CMHC), Genworth or Canada Guaranty. Homeowners no longer need the minimum 5% down payment ...


CRA Notice of Assessment

Many Canadians rush to file their taxes on time each year and don’t think about it until the next year. One of the most overlooked notices received from the CRA annually is the annual Notice of ...


Medical confidential?

If ICBC asks your doctor for your information you may wonder: Can ICBC ask my doctor for my medical information? Can ICBC request a medical report from my doctor without my consent? What is ICBC entit...

_








Member of BC Press Council


24598