Plus   Neg

Bell Media To Acquire V Network And Noovo.ca - Quick Facts

Bell Media Inc., part of Canadian communications company BCE Inc. (BCE,BCE.TO) said Wednesday it has entered into a deal with the shareholders of Quebec-based entertainment and content delivery company Groupe V Média to acquire conventional television network V along with related digital assets. This includes the ad-supported video-on-demand service Noovo.ca.

Financial details of the transaction were not disclosed. Bell Media noted that the transaction reinforces choice for French-language viewers.

"With today's announcement Bell Media welcomes French-language conventional TV to its portfolio, creating more opportunities for viewers, advertisers, and content creators in Québec. In a fast-changing ecosystem, we are excited to provide new opportunities for V with the guidance and expertise of our dedicated and experienced Montréal-based management, programming, and production teams," said Karine Moses, President, Bell Media Québec.

V Média owns and operates television stations in Montréal, Québec, Saguenay, Sherbrooke, and Trois-Rivières, and has affiliate stations in Gatineau, Rivière-du-Loup and Val-d'Or. The company's original programs include Occupation double, L'amour est dans le pré, and Un souper presque parfait.

In addition to V and Noovo.ca, Groupe V Média currently operates specialty channels ELLE Fictions and MAX, which are not subject to the transaction.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Millennials and Generation Zs, or people aged between 18 to 34 year, pay more for car repairs, according to a new survey. The average American spent $1,986 over the past five years on vehicle repairs and maintenance, according to a survey by Ally Financial conducted by Harris Poll. However, among... Gap Inc.'s (GPS) Old Navy brand announced plans to open 800 new stores as part of its upcoming split from its parent company. "We'll almost double our fleet to 2,000 stores in North America, predominantly in under-served small markets," Old Navy CEO Sonia Syngal said. The company said the plan was... Google has launched a new website called 'Recover Together,' a resource intended to help people recover from addiction or substance use disorder. The new service was launched by the search giant in recognition of the National Recovery Month in September. Google noted that more than 23 million Americans are recovering from addiction, while 20 million are still struggling to seek treatment.
Follow RTT