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ARCHIVED - Decision CRTC 2001-54

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Decision CRTC 2001-54

Ottawa, 9 February 2001

Mr. Robert Malcolmson
Executive Vice-President
The Score Television Network Ltd.
1605 Main Street West
Hamilton, Ontario
L8S 1E6

Dear Sir:

Re: Application No. 2001-0229-4 - Approved
Corporate reorganization - PrideVision Inc., a national digital specialty service will become a wholly owned subsidiary of Headline Media Group Inc.

The Commission approves the above noted application for authority to effect a corporate reorganization of PrideVision Inc. (PrideVision). PrideVision is to become the licensee of the national digital specialty service, which will provide national news and information, current affairs, lifestyle and entertainment programming designed to meet the needs of the gay and lesbian community. The voting shareholders of PrideVision were to be Levfam Holdings Inc. at 70.1% and Alliance Atlantis Communications Inc. at 29.9%. The proposed change will have PrideVision become a wholly owned subsidiary of Headline Media Group Inc. (Headline Media), formerly known as Old Canada Investment Corporation Limited. Headline Media also holds all the issued and outstanding shares of The Score Television Network Ltd., formerly known as Sportscope Television Network Ltd.

The Commission notes that Levfam Holdings Inc., will continue to exercise effective control of PrideVision. Levfam Holdings Inc. has the right to vote the Alliance Atlantis Communications Inc. Special Voting shares and the Class A Subordinate Voting shares for the election of the directors of Headline Media.

The Commission will modify its ownership records to reflect the authorized ownership of PrideVision as shown in the attached appendix.

All letters of approval issued by the Commission are made available for public examination at the Commission's central office. The Commission also requires you to append this letter to your licence.

Yours sincerely,

Ursula Menke
Secretary General

Appendix

PrideVision Inc.

Shareholder

Type

# held

% of vote

Headline Media Group Inc.

Common

1,000

100%

Headline Media Group Inc.

Shareholders

Type

# held

Votes

Levfam Holdings Inc

Special Voting Shares

2,930

23.5%

Levfam Holdings Inc.

Class A Subordinate Voting Shares

12,274,855

 

First Control Corporation

Special Voting Shares

2,636

20%

First Control Corporation

Class A Subordinate Voting Shares

10,452,001

 

Word Wide Web Capital Inc.

Class A Subordinate Voting Shares

2,869,500

5.5%

Alliance Atlantis Communications Inc. (AACI)

Special Voting Shares

4,434

 

Alliance Atlantis Communications Inc. (AACI)

Class A Subordinate Voting Shares

20,867,020

39.9%

883786 Ontario Limited

Class A Subordinate Voting Shares

2,478,560

4.7%

Griffith, McBurney & Partners (GMP)

Class A Subordinate Voting Shares

1,666,667

3.2%

other shareholders

Cornerstone Strategic Holdings Inc.

Class A Subordinate Voting Shares

1,676,142

175,000

3.2%

Levy companies (49% of votes)

     

Special Voting Shares (entitled to elect 8 of the 10 directors)
Class A Subordinate Voting Shares (entitled to elect 2 of the 10 directors)

Date Modified: 2001-06-28

Date modified: