CHUM Limited


CHUM Limited
CHUM Limited
Former type Public (TSX: CHM)
Industry Media
Fate Media assets sold to CTVglobemedia in 2007 (subsequently sold to Bell Canada in 2011 under Bell Media) with Citytv assets going to Rogers Media
Founded 1945
Defunct 2007
Headquarters Toronto, Ontario
Key people Jay Switzer, President and CEO
Products Media, Broadcasting

CHUM Limited was a media company based in Toronto, Ontario, Canada from 1945 to 2007. Immediately prior to its acquisition, it held full or joint control of two Canadian television systems — Citytv and A-Channel (formerly NewNet, now CTV Two) — comprising 11 local stations, and one CBC Television (Canadian Broadcasting Corporation) affiliate, one provincial educational channel, and 20 branded specialty television channels, most notably MuchMusic and its various spinoffs. In addition, CHUM controlled 33 radio stations across Canada. At various points in its history, CHUM owned other radio stations and ATV/Atlantic Satellite Network in Atlantic Canada.

CHUM was taken over by Bell Globemedia (now Bell Media), owner of the CTV Television Network in July 2006. Regulatory approval was made conditional on the sale of CHUM's five Citytv stations to Rogers Communications. CTVglobemedia took control of CHUM's other assets effective June 22, 2007. The company itself has since been renamed CTV Limited (now CTV Inc.) and continues operation as a subsidiary of Bell Media. Its radio broadcasting division, CHUM Radio has since became Bell Media Radio after Bell Canada took control of CTV's assets, thus becoming Bell Media. Its Toronto radio stations TSN RADIO 1050 and 104.5 CHUM-FM continues use "CHUM" as their station's call sign. However, CHUM no longer operates as a broadcasting company separate from its new parent.

With the sale of CTVglobemedia to Bell Canada as announced in September 2010 (pending CRTC and Competition Bureau approval), Bell would (if approved) take control of most of CHUM's former assets for the first time.[1] And CTVglobemedia became known as Bell Media in April 1, 2011, after the deal to purchase the stations was finalized.

Contents

History

CHUM-City Building

Although CHUM's radio holdings tend to retain traditional formats, their television stations reflected the avant garde philosophy of former senior executive Moses Znaimer, who turned his hip, local style of television broadcasting into an image as perhaps Canada's most flamboyantly visible media titan in the 1980s and 1990s. (Znaimer retired from active management at CHUM in 2003, and briefly continued to work on projects with the company, before moving on to other ventures such as CFMZ-FM.)

CHUM Limited's headquarters were located at 299 Queen Street West in Toronto, the famous CHUM-City Building, Today it is used by Bell Media.

On December 1, 2004, CHUM purchased Craig Media Inc., which owned five local TV stations, mainly in the Prairies, and three digital specialty services, for $265 million. While Craig's three largest stations were integrated into Citytv, Craig's Toronto station CKXT-TV (then branded "Toronto 1", now "Sun TV") was sold to Quebecor.

In addition to its own stations, CHUM was one of several sources (alongside CanWest's CH / E! and Global TV) providing syndicated programming to independently owned CBC and CTV affiliates.

Acquisition by CTVglobemedia

On July 12, 2006, CHUM announced that it had agreed to a takeover by Bell Globemedia, renamed CTVglobemedia and now Bell Media, (herein abbreviated "CTV" or "CTVgm" for brevity), in a transaction valuing CHUM at $1.7 billion CAD. The takeover required approval from two regulatory bodies, the Competition Bureau, which approved the transaction on March 2,[2] and the Canadian Radio-television and Telecommunications Commission (CRTC), which held a public hearing beginning April 30, 2007 in Gatineau.[3]

CTVgm's takeover bid was completed on October 30, although CHUM was immediately in a blind trust under lawyer John McKellar.[4]

Immediately following the announcement, CHUM separately announced 281 layoffs, primarily at its local stations in western Canada; local newscasts (other than Breakfast Television and the Noon News in Calgary and Edmonton) at all Citytv stations in the region were immediately pulled. CHUM claims the layoffs were part of an ongoing process to streamline its operations and not directly related to the takeover.

On June 8, 2007, the CRTC approved the CTV takeover of CHUM. However, the CRTC made the deal conditional on CTV divesting itself of Citytv rather than A-Channel. This consequently voided the Rogers deal; on June 11, 2007, Rogers announced that it has agreed to buy the Citytv stations. CTV said it would keep all other assets, except CHUM's interest in MusiquePlus/MusiMax, and potentially CKX-TV and CLT.

The company officially ceased operations on June 22, 2007 after the deal was finalized.

Ramifications

With CHUM Limited dissolved, there were a number of changes turned the tables. Between 2008 and 2009, Corus Entertainment acquired SexTV: The Channel, CLT, and Drive-In Classics from CTV Ltd. for an estimated worth $73 million and $40 million each. However, it was announced that CTVglobemedia would be selling CKX-TV in Brandon, Manitoba to Bluepoint Investment Corporation for a dollar. But that station was closed down on October 2, 2009, after Bluepoint rejected the deal the day before. At the same time, they shut down CKNX-TV.

For Citytv, the transaction was worth of $375 million. Media analysts have suggested that with a more powerful media conglomerate such as Rogers behind them, that the Citytv stations will effectively become Canada's fourth full-fledged commercial television network, in effect if not immediately in name. The Citytv transaction was approved by the CRTC on September 28, 2007, and Rogers officially became Citytv's new owner on October 31. Rogers subsequently purchased 33 Dundas Street East, the former Olympic Spirit building, located at the edge of Dundas Square for the use of its Toronto television stations, and CITY-TV moved out from 299 Queen Street West into the new facility on September 8, 2009.

In 2010, CP24 extended their 5:00pm newscast after the announcement regarding their massive firings taking place at Rogers Media's Citytv stations across Canada including the cancellation of Citytv Toronto's CityNews at Five. That same year, Corus relaunched CLT as "Viva", then OWN: Oprah Winfrey Network on March 1, 2011. As well, Star! will be relaunched as E! on November 29, 2010 after CTV announced it had signed a multi-year deal with Comcast.

Unification of CHUM to Bell

In September 2010, BCE announced plans to re-acquire 100% of the company's broadcasting arm, including CTV Limited. Under the deal, Woodbridge, Torstar, and Teachers' received $1.3 billion in either cash or equity in BCE, while BCE will also assume $1.7 billion in debt (BCE's existing equity interest is $200 million, for a total transaction value of $3.2 billion). Woodbridge will simultaneously regain majority control of The Globe and Mail, with Bell retaining a 15% interest. The deal is expected to close by mid-2011 pending CRTC approval.[1] CTVglobemedia officially became Bell Media when the deal was finalized on April 1, 2011. At the same time, CHUM Limited / CTV Limited became CTV Inc. and CHUM Radio became Bell Media Radio.

Corporate governance

The last board of directors of CHUM Limited were: Gordon Craig, Lawrence Lamb, John Mattenley, Fred Sherratt, Robert Sutherland, Jay Switzer, Catherine Tait, James Waters (chairman), Marjorie Waters, and Ron Waters. Allan Waters retired from the board on October 29, 2005.[5]

Radio stations at time of sale

City Call Sign Frequency Format
Brockville CJPT FM 103.7 "Bob FM" adult hits
CFJR FM 104.9 "JR FM" adult contemporary
Calgary CKCE FM 101.5 "Energy FM" hot adult contemporary
Edmonton CHBN FM 91.7 "The Bounce" rhythmic top 40 (Co-owned with Milestone Radio)
Halifax CJCH AM 920 oldies
CIOO FM 100.1 "C100" hot adult contemporary
Kingston CKLC AM 1380 oldies
CFLY FM 98.3 "FLY-FM" hot adult contemporary
Kawartha Lakes CKLY FM 91.9 "Bob FM" adult hits
London CHST FM 102.3 "Bob FM" adult hits
Montreal CKGM AM 990 "The Team 990" sports
Ottawa CFRA AM 580 news/talk
CFGO AM 1200 "The Team 1200" sports
CKKL FM 93.9 "Bob FM" adult hits
CJMJ FM 100.3 "Majic 100" adult contemporary
Peterborough CKPT AM 1420 "1420 Memories" oldies
CKQM FM 105.1 "Country 105"
Toronto CHUM AM 1050 oldies
CHUM-FM FM 104.5 "CHUM-FM" hot adult contemporary
Vancouver CKST AM 1040 "The Team 1040" sports
CFUN AM 1410 news/talk
CHQM FM 103.5 "QMFM" adult contemporary
Victoria CFAX AM 1070 news/talk
CHBE FM 107.3 "Kool FM" hot adult contemporary
Waterloo CKKW AM 1090 "Oldies 1090"
CFCA FM 105.3 "Kool FM" hot adult contemporary
Windsor CKWW AM 580 "Motor City Favorites" oldies
CKLW AM 800 news/talk
CIMX FM 88.7 "89X" modern rock
CIDR FM 93.9 "939 The River" adult album alternative
Winnipeg CFRW AM 1290 oldies
CHIQ FM 94.3 "CURVE 94.3" hot adult contemporary
CFWM FM 99.9 "Bob FM" adult hits

In November, 2004, CHUM and Astral Media filed an application with the Canadian Radio-television and Telecommunications Commission for a subscription radio service in Canada. That application, along with two satellite radio services, were approved by the CRTC on June 16, 2005. While the two satellite services launched soon after the decision, CHUM did not implement its service, the authority for which expired on June 16, 2007 (two years after licensing).

Television stations at time of sale

Local stations

Citytv

A-Channel (known as CTV Two in 2011)

Other

Analogue specialty cable channels

Digital specialty cable channels

Co-owned

Television channels using CHUM trademarks or formats at time of sale

Active

See also

References

Coordinates: 43°38′59″N 79°23′25″W / 43.649701°N 79.390233°W / 43.649701; -79.390233

External links


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