Home Page News Briefs People Media Telecom Archives About Us
Advertising Subscribe Reuse & Permissions
The Hill Times Parliament Now The Lobby Monitor HTCareers Classifieds

CCR Short Takes

News | 06/04/2004 4:00 am EDT

CRTC approves transfer of PrideVision to William Craig
The CRTC approved on May 28 the $1.5- million purchase of the Category 1 diginet PrideVision by William Craig from current owner Headline Media Group Inc. (Broadcasting Decision 2004-191). Ownership of PrideVision will transfer to 6166954 Canada Inc., a numbered company wholly-owned and controlled by Craig. Craig will own 80.2% of the voting shares of PrideVision, and the remaining 9.9% voting shares will be owned by other shareholders. Headline Media was forced to sell the channel after it began losing massive amounts of money (CCR, June 5/03; CCR Update, Feb. 5/03). Craig says he can turn the fortunes of the channel around by negotiating new carriage agreements with distributors (CCR, March 25/04).

To keep reading, get a free trial.

Already a Subscriber?

Reuse & Permissions

Unauthorized distribution, transmission, reuse or republication of any and all content is strictly prohibited. To discuss re-use of this material, please contact:

Customer Care, 613-688-8821 | subscriptions@hilltimes.com