News

For the Record

A weekly compendium of news from the non-fiction world.
April 19, 2001

Pan-European SBS Broadcasting has announced that it has completed the acquisition of Fox 8 in The Netherlands from News Corp, a deal which saw SBS exchange shares and assume some of Fox 8′s liabilities.

Toronto-based broadcaster CHUM will purchase CanWest’s CKVU-TV (a Vancouver television station), for CDN$125 million (US$80 million). The deal must be approved by Canada’s regulatory body, the CRTC.

TechTV has finalized a satellite distribution deal for its Pan-Asian service. TechTV Asia will reach viewers from the Pacific Rim to the Middle East.

In Halifax, Salter Street investors have given the thumbs up to the Alliance Atlantis purchase.

High definition gets its own festival this year with HDFEST, an L.A.-based event taking place on May 25/26.

Crown Media has acquired approximately 700 titles (3,000 hours) from the Hallmark Entertainment library. Among other transaction details, the move sees Crown Media assuming $220 million of Hallmark debt.

The IWFF festival in Missoula will be webcasting many of their seminars. Check them out at www.1010tv.com/iwff/

Former Showtime founder Jeffrey Reiss is launching TViFusion, a Denver-based new media company which will help develop, package and distribute digital channels. The company’s goal is to allow small digital channels to concentrate on programming, while TViFusion handles the affiliate and advertising sales, as well as marketing and distribution.

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