Corus to acquire Drive-In Classics and SexTV from CTVglobemedia

[Dusty Ayres]

TORONTO — Corus Entertainment Inc. (TSX:CJR.B), one of Canada's largest radio and TV broadcasters, says it has struck a deal to buy the specialty television services Drive-In Classics and SexTV from CTVglobemedia.The $40 million transaction is subject to approval by the Canadian Radio-television and Telecommunications Commission.
"These services are currently available in over two million households and provide a great base to grow their audiences and increase their appeal to our advertising customers," John Cassaday, president and CEO of the Toronto company, said after markets closed Tuesday.
Corus is a market leader in specialty television and radio with additional assets in pay television, advertising, TV broadcasting, children's book publishing and children's animation.
The company's brands include YTV, Treehouse, W Network, CosmoTV, VIVA, Movie Central, HBO Canada and Nelvana.*

Corus to acquire Drive-In Classics and SexTV


*Both channels will be converted to a variation of the W(Women) channel, with more female-oriented content and less horror movie/B-movie content in the case of Drive-In Classics, a move similar to what Bonnie Hammer's done to the Sci-Fi Channel in the USA.-Dusty

 

[Hermiod]

^So, basically, they may as well have set up their own channels instead of buying existing ones.

 

[Dusty Ayres]

Yes, except that these people at Corus are stupid, greedy, and full of shit. I am seriously considering giving up my satellite TV subscription because of this development and just sticking with my Internet sub, downloading TV shows when I want to.

This is just another flagrantly outrageous corporate decision of this company, as bad as what they did to Martin Streek, which resulted in his suicide.