Bell Globemedia Buying Chum

This morning, news broke that media giant Bell Globemedia - who runs CTV, TSN, MTV, ROB and Discovery Channel - is in final talks to buy its competitor CHUM, currently valued at $903 million. CHUM's assets include 33 radio stations, 12 local TV stations and specialty channels MuchMusic, Space and Bravo. The deal will face intense scrutiny from the CRTC.

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