Canadian media company Bell Globemedia to acquire rival CHUM
Wednesday, July 12, 2006 Canadian media company CHUM Limited has announced that it has agreed to be acquired by larger rival Bell Globemedia Inc. for $1.7 billion CAD cash, bringing the CTV and Citytv broadcast-television networks and such specialty channels as MuchMusic, TSN and Bravo! under the same corporate umbrella. Shareholders will receive $52.50 per…