This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Cramer's Action Alerts PLUS - See his portfolio and get alerts BEFORE every trade. Learn more NOW!

Rogers Media Receives Final CRTC Approval To Acquire Score Media

- Amended condition of licence includes expanded, flexibility in news programming - - $17.1m in tangible benefits to be invested in sports programming, athletes and community - - The Score to be rebranded under the Sportsnet umbrella on July 1 - - Tim and Sid and HOCKEY CENTRAL Playoff Extra begin this week on The Score -

TORONTO, April 30, 2013 /PRNewswire/ - Rogers Media today received final regulatory approval from the Canadian Radio-television and Telecommunications Commission (CRTC) to acquire Score Media Inc., which has been held in trust since October 19, 2012. With today's approval, Rogers Media will integrate the operations and financial results of Score Media effective immediately.

The acquisition of Score Media includes The Score, Canada's third largest specialty sports channel with 6.6 million television subscribers, closed captioning service Voice to Visual Inc., and mixed martial arts program The Score Fighting Series.  As part of the transaction, Rogers Media's parent company, Rogers Communications Inc., acquires an 11.8 per cent equity interest in theScore Inc. (Score Digital).

The total consideration paid by Rogers Media in October 2012 was $167 million.

"The Score delivers niche sports news and information programming, complementing Rogers Media's robust multiplatform sports offerings and significant investment in sports content and experiences," said Keith Pelley, President, Rogers Media.  "Last year, we made the bold statement to make Sportsnet the #1 sports media brand in Canada, and together with The Score, we take another step forward in achieving this goal."

The Score will be rebranded under the Sportsnet umbrella, which continues to experience double-digit audience growth year-over-year* and deliver award-winning content across five platforms.  The rebrand will be unveiled on July 1.

Rogers Media received approval for its request to amend The Score's condition of licence, allowing for an enhanced viewing experience for Canadians while upholding The Score's nature of service as a headline sports news service.  The changes to the condition of licence are an increase in the amount of analysis and interpretation programming to 15% from 10%, and flexibility to break into live sports event programming every hour to present sports results and video highlights, instead of every 15 minutes.  Rogers Media plans for The Score to continue providing sports updates once every 15 minutes during live events when possible, as the nature of the game being played permits.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 18,288.63 +155.93 0.86%
S&P 500 2,117.39 +12.89 0.61%
NASDAQ 5,008.0960 +44.5690 0.90%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs