Found this rather interesting...
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CTV today announced the sale of CKX-TV Brandon (a CBC-affiliated broadcast service) to Bluepoint Investment Corporation, for one dollar. It is anticipated that the deal will close on or before December 31, 2009, pending CRTC approval.
“This is good news for the employees that work at CKX-TV Brandon and the surrounding communities who depend everyday on the local programming that the station provides,” said Paul Sparkes, Executive Vice-President, Corporate Affairs, CTVglobemedia. “Being an independent operator, Bluepoint will be able to access the Small Market Local Programming Fund. This is something that neither CTV nor Canwest have been able to draw from - unlike Shaw, for instance, which receives a subsidy from the Fund for its Kenora television station.”
Bluepoint assumes all of CKX-TV’s broadcast assets, liabilities and commitments with the purchase, including the station’s 39 employees.
“We are delighted to announce our acquisition of the Brandon station, the first part of our strategic plan to become a significant media player in North America. We believe that with the CRTC’s recent announcement regarding the Local Programming Improvement Fund (LPIF), the potential is very good in small-market television,” said Colin Berrie, CEO of Bluepoint.
Bluepoint Investment Corporation is a Canadian investment company headed by Bruce Claassen, an individual well recognized for his contribution to the Canadian media industry.
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http://www.brandonsun.com/story.php?story_id=148398