DHX Media to Acquire Family Channel, Disney XD, and Disney Junior from Bell Media
To tweet this release: http://bit.ly/IsjMA8
TORONTO, Nov. 28, 2013 /CNW Telbec/ - Bell Media today announced that it has entered into an agreement with Halifax-based DHX Media Ltd. (TSX: DHX) for the sale of its television services Family Channel, Disney XD, Disney Junior (English-language), and Disney Junior (French-language).
The transaction is subject to approval by the Canadian Radio-television and Telecommunications Commission (CRTC) and the Competition Bureau.
"Bell Media welcomes DHX Media to the broadcasting industry with their acquisition of the incredible brands that are Family, Disney XD, and Disney Junior," said Kevin Crull, President, Bell Media. "I have the utmost confidence that with DHX Media, these brands will continue to flourish and enrich our television industry."
DHX Media's acquisition of Family, Disney XD, and English- and French-language Disney Junior is a result of Bell Media's process of divesting some properties to comply with regulatory body conditions attached to the July 5, 2013 acquisition of Astral Media Inc. by Bell.
About Bell Media
With passion and an unrelenting commitment to excellence, Bell Media creates content and builds brands that entertain, inform, engage, and inspire audiences through the platforms of their choice. Bell Media is Canada's premier multimedia company with leading assets in television, radio, out-of-home advertising, and digital media. Bell Media owns 30 local television stations led by CTV, Canada's #1 television network; 34 specialty channels, including TSN and RDS, Canada's most-watched specialty channels in English and French; four pay TV services, including The Movie Network and Super Écran; and is managing shareholder of premium pay-per-view service Viewers Choice Canada. Bell Media is also Canada's largest radio broadcaster, with 107 licensed radio stations in 55 markets across Canada. Bell Media owns Astral Out-of-Home, one of Canada's most dynamic and innovative out-of-home advertising companies with a network of more than 9,500 advertising faces in Québec, Ontario and British Columbia. Bell Media also operates more than 200 websites, delivers TV Everywhere with its innovative GO video streaming services, including TMN GO and Bravo GO, and owns Dome Productions Inc., a multi-platform production company. Bell Media is part of BCE Inc. (TSX, NYSE: BCE), Canada's largest communications company. For more on Bell Media, please visit www.bellmedia.ca.
SOURCE Bell Media