Bell Globemedia Sells SportsNet Interest to Rogers

Bell Globemedia Inc., through its wholly owned subsidiary CTV Inc., sold its 40 per cent interest in CTV SportsNet Inc. to a subsidiary of Rogers Communications Inc. on November 1, 2001. Prior to the sale, the SportsNet shares were held by R. Scott Colbran as trustee. The deal consisted of cash proceeds of approximately $130 million.

Bell Globemedia’s legal team was led by André Serero, group vice-president, legal and corporate secretary; and included Kathryn Robinson (CRTC), David Matlow (corporate) and Carrie Smit (tax) of Goodmans LLP.

Acting for the trustee were Daniel Ferguson, John McKellar and John Pandell of WeirFoulds LLP. Rogers was represented by David Miller, vice-president and general counsel; Michael Creery and Kent Thomson of Davies Ward Phillips & Vineberg LLP regarding corporate and commercial matters; and by Bob Buchan and Leslie Milton (CRTC and regulatory) of Johnston and Buchan LLP in Ottawa.