It's a good thing we have the CRTC to ensure there is no concentration of media ownership in Canada, eh?
Rogers Media is paying $375 million in cash for the five Citytv stations that the CRTC ordered CTVglobemedia to sell late last week.
The purchase will further solidify the presence of Rogers as a major media player in Canada as it adds a national network of TV stations to its already extensive portfolio. ...
Rogers already owns several over-the-air and specialty TV channels, including OMNI Television, Rogers Sportsnet, the Shopping Channel, and the Biography Channel. It also owns 44 radio stations and a host of magazine titles, such as Maclean's, Chatelaine, and Canadian Business.
Full article here.