Clearly, absence does make the heart grow fonder — and Bell Canada can attest to this.
The telecommunications company has decided to retake control of CTVglobemedia Inc., Canada’s largest private television broadcaster, and will pay $1.25 billion to increase its stake from 15 to 100 percent, Bell announced Friday. The company negotiated the deal with former stakeholders The Woodbridge Company Ltd., Ontario Teachers Pension Plan and Torstar Corp. As part of the deal, the Globe and Mail will once again fall under the control of the Thomson family of Toronto, which owns Thomson Reuters Corporation and Woodbridge. Bell will retain a 15 percent stake in that newspaper.
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