Wednesday, December 17th1.2°C
24124
23664

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

20759


Recent Trending




Today's Market
S&P TSX14213.88+352.36
S&P CDNX659.03+16.68
DJIA17356.87288.00
Nasdaq4644.312+96.477
S&P 5002012.89+40.15
CDN Dollar0.8590-0.0009
Gold1184.00-9.90
Oil56.14+0.21
Lumber335.50+3.30
Natural Gas3.692+0.073

 
Okanagan Companies
Pacific Safety0.125+0.005
Knighthawk0.01-0.005
QHR Technologies Inc1.27+0.04
Cantex0.03-0.005
Anavex Life Sciences0.1659-0.0241
Metalex Ventures0.05-0.005
Russel Metals27.18+1.03
Copper Mountain Mining1.54+0.11
Colorado Resources0.105-0.005
ReliaBrand Inc0.0199+0.0065
Sunrise Resources Ltd0.055+0.005
Mission Ready Services0.22+0.02

 
24130




FEATURED Property
2140309505 Stanley Cres
4 bedrooms 3 baths
$499,900
more details
image2image2image2
Click here to feature your property
Please wait... loading


Managing your sales team

Managing a sales team can be quite a challenge. Harnessing individual personality preferences and getting everyone focused on the same goals, moving at the same pace, and working in collaboration to d...


Working under the table

They say there are only two things that are certain in life: death and taxes. Not exactly an uplifting thought, but true nonetheless. Some people try to avoid paying tax by “working under the ta...


Housing prices to skyrocket?

As most of you know, this column was started with a focus on Okanagan real estate. Over time, more and more columnists started covering the real estate sphere and so it morphed in to a personal colum...

_





24386


Member of BC Press Council


23546