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CTV Specialty Television's headquarters at 9 Channel Nine Court | |
Formerly |
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Company type | Joint venture |
Industry | Mass media |
Founded |
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Headquarters | 9 Channel Nine Court, , Canada |
Area served | Canada |
Key people |
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Owners |
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Divisions | Dome Productions, Inc. |
Website | bellmedia espn |
CTV Specialty Television Inc. is a Canadian media company that is a joint venture between Bell Media subsidiary of BCE Inc. (also known as Bell Canada Enterprises, the owner of telecommunications company Bell Canada) and ESPN Inc. that operates a number of specialty channels The Sports Network (TSN) and USA Network.
The company was formed in 1984 as Labatt Communications, Inc. by brewer John Labatt Ltd.; but long after its acquistion by Interbrew in 1995, LCI was sold to four local investors and ESPN Inc. in 1996 which changed the name of the company to NetStar Communications Inc. NetStar was then acquired by CTV Inc. in 2000 and later merged with Bell Canada alongside The Globe and Mail to form Bell Globemedia and renamed to its current entity afterwards.
This company was founded in 1984 when brewer John Labatt Ltd., who owned the Toronto Blue Jays at that time, launched Canada's 24 hour sports channel The Sports Network (TSN). Its French counterpart, Réseau des sports (RDS) went on the air five years later. The company also operated and established Viewers Choice and SkyVision Entertainment, both founded in 1991. [1] With partnership of Discovery Communications, Labatt launched the Canadian version of the Discovery Channel on December 31, 1994.
In 1995, when Belgian brewer Interbrew announced it purchased John Labbatt, a consortium of four Canadian investors—Stephen Bronfman (22.5%), the Caisse (22.5%), Reitmans (16.5%), and senior management (6.5%)—along with ESPN (32%), took over the company. [2] The sale was approved by the Canadian Radio-television and Telecommunications Commission on March 15, 1996 and the company was rebranded to NetStar Communications Inc. [3]
After a takeover attempt by CanWest Global that was vetoed by ESPN, CTV Inc. (the former Baton Broadcasting Inc.) announced a friendly bid to take over NetStar Communications in early 1999, with CRTC approval on March 24, 2000. After acquiring Netstar, the CRTC required CTV to divest itself of either Netstar's TSN or their own Sportsnet; they chose to sell the latter to Rogers. [4] NetStar was then renamed again to CTV Specialty Television Inc. after its acquisition.
Later, CTV Inc. merged into Bell Canada's Bell Globemedia, but was renamed to CTVglobemedia in 2007 and again to Bell Media in 2011.