CTVglobemedia must sell 5 CITY-TV stations

Canada’s broadcast regulator has approved CTVglobemedia’s bid to buy CHUM Ltd., but says it must sell five TV stations in the process, ReportonBusiness.com says. The CRTC said ownership of CITY-TV stations in Vancouver, Calgary, Edmonton, Winnipeg and Toronto would give the CTV group too much control of the TV market in those cities.