07:38:08 EDT Fri 29 Mar 2024
Enter Symbol
or Name
USA
CA



BCE Inc (2)
Symbol BCE
Shares Issued 904,243,648
Close 2020-04-03 C$ 56.73
Market Cap C$ 51,297,742,151
Recent Sedar Documents

BCE's Bell Media receives CRTC OK for V, Noovo purchase

2020-04-03 16:30 ET - News Release

Ms. Caroline Audet reports

BELL MEDIA WELCOMES CRTC APPROVAL OF V AND NOOVO.CA ACQUISITION

BCE Inc.'s Bell Media has received approval from the Canadian Radio-Television and Telecommunications Commission (CRTC) of its agreement to acquire conventional television network V along with its related digital assets, including the ad-supported video-on-demand service Noovo.ca, from Groupe V Media.

"With this timely approval, Bell is now one-step closer to ensuring the long-term viability of V at a critical moment for the broadcasting industry," said Karine Moses, president, Bell Media Quebec, and Bell's vice-chair, Quebec. "This is a new era for the Quebec television ecosystem that will see Bell Media add new opportunities for French-language content creation and deliver enhanced news programming. We look forward to building on our investment in Quebec content and culture with V."

"Bell Media will be able to leverage its portfolio of assets to ensure that V and its related digital assets will thrive in a highly competitive and evolving media landscape. I am confident that the expertise of Bell Media's management team will be able to broaden V's scope and build a larger audience for high-quality French-language content, in a multiplatform broadcasting offering," said Maxime Remillard, president and founder, Groupe V Media.

Combining the dedicated and experienced Montreal-based management, programming and production teams of Bell Media and V, the successful completion of the transaction will provide Quebec viewers with added diversity in news and entertainment programming on all platforms as well as extended opportunities for Quebec's advertising industry.

V Media owns and operates television stations in Montreal, Quebec City, Saguenay, Sherbrooke and Trois-Rivieres, and has affiliate stations in Gatineau, Riviere-du-Loup and Val d'Or.

© 2024 Canjex Publishing Ltd. All rights reserved.