That announcement was contained in documents filed to federal broadcast regulators that also revealed CTVglobemedia took a $1.7-billion writedown on its television operations at the end of the last quarter.
The figure is the largest in a recent parade of hefty writedowns on television assets this year. In November, CTV rival CanWest Global Communications Corp. announced it was writing down the value of its television assets by $1-billion. This month, Rogers Communications Inc. said it was writing down the value of its City-tv network by $294-million.
James Morton
6 comments:
As the quality of our broadcasters has plummeted, so has their book value. What a coincidence.
Let them cease to exist - the CBC can use the viewers...
Never did like all that Americana anyway.
Too much money spent filming out-takes.
When the Conservatives announced as an election platform the imprisonment of 14 year old children in adult federal prisons CTV news didn't even announce this. It was left to Duceppe and CBC to keep em honest. CTV didn't double their debt to buy Alliance Atlantis at the end of USA consumer bubble, so I'm sure they'll be fine.
I'm sure they spend far too much getting the rights to broadcast US series. Frankly, what's the point?
They could get Lloyd Robertson to finally retire - that would save a bundle. Dave Devall, at least, will be off the airways soon (from the Toronto CTV affiliate) Those lifers must cost a fortune in salary.
Give Sandie Rinaldo or Tom Clarke a chance to anchor!
Post a Comment