ARCHIVED - Decision CRTC 99-478
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Decision |
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Ottawa, 21 October 1999
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Decision CRTC 99-478
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Alliance Atlantis Communications Inc., on behalf of Sporstcope Television Network Ltd.
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Across Canada - 199907549
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Transfer of shares
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1. The Commission approves the application by Alliance Atlantis Communications Inc. (Alliance Atlantis) on behalf of Sportscope Television Network Ltd. (Sportscope) for authority to acquire a 47.85% voting interest in Sportscope, licensee of the national English-language specialty programming undertaking devoted exclusively to sports programming. The acquisition will be effected through the transfer of the 682,576.36 common shares currently held by the trustee, Mr. Keith Campbell to Alliance Atlantis.
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2. Alliance Atlantis is a leading Canadian and international producer, distributor and broadcaster of filmed entertainment. It holds ownership interests in four Canadian English-language specialty television services (Life Network, HGTV Canada, History Television and Showcase), and, in partnership with Astral Communications Inc., two recently-approved French-language specialty services (Canal Fiction and Canal Histoire).
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3. The purchase price for the shares is estimated to be $17,531,330. Based on the evidence filed with the application, the Commission has no concerns with respect to the availability or the adequacy of the required financing.
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4. The Commission notes that this transaction will not result in a change of effective control of Sportscope as Mr. John Levy (through Levfam Holdings Inc. and 1240412 Ontario Limited) will continue to own the remaining 52.15% of the voting interest in Sportscope.
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This decision is to be appended to the licence. It is available in alternative format upon request, and may also be viewed at the following Internet site:
www.crtc.gc.ca |
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Secretary General
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