BGM DEAL CLOSES AND APPOINTS NEW BOARD OF DIRECTORS Broadcaster
Bell Globemedia (BGM) announced today that it has completed the closing of its new ownership structure after meeting all regulatory requirements.
The Canadian Radio-television and Telecommunications Commission approved the new ownership structure on July 21st. On August 18th a positive decision was received from the Competition Bureau allowing the transaction to close as filed. These decisions clear the way for BGM to implement the changes to its ownership structure announced on December 2nd of last year, including the investment by each of Ontario Teachers' Pension Plan and Torstar Corporation.
BGM also announced its new Board of Directors, as structured in the December 2nd agreement. They are:
- W. Geoffrey Beattie (President, Woodbridge and Chairman of the Board) - Ivan Fecan (President and CEO, BGM and CEO, CTV Inc.) - David W. Binet (Executive Vice President, Woodbridge) - Ronald Gordon Close (President, Bell New Ventures, BCE) - Gordon S. Lackenbauer (corporate director) - James Leech (Senior Vice President, Teachers' Private Capital) - Robert Prichard (CEO, Torstar) - Pamela Wallin (corporate director) |