CRTC approves ALLIANCE ATLANTIS' Acquisition of 47.85% of Headline Sports Television Network.TORONTO--(BUSINESS WIRE)--Oct. 21, 1999-- (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :AACB AACB Australasian Association of Clinical Biochemists AACB Alliance Atlantis Communications Inc. AACB Aeronautics and Astronautics Coordinating Board AACB Aeronautics & Astronautics Coordinating Board AACB Ann Arbor Concert Band (Ann Arbor, MI) ) (TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). :AAC.A.) (ME:AAC.A.) (TSE:AAC.B.) (ME:AAC.B.) - Acquisition adds seventh channel to ALLIANCE ATLANTIS' Broadcasting Division Michael MacMillan, Chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , ALLIANCE ATLANTIS COMMUNICATIONS INC., today welcomed the decision by the Canadian Radio-television and Telecommunications Commission The Canadian Radio-television and Telecommunications Commission (CRTC, in French Conseil de la radiodiffusion et des télécommunications canadiennes) was established in 1968 by the Parliament of Canada to replace the Board of Broadcast Governors. (CRTC CRTC Canadian Radio-Television & Telecommunications Commission CRTC Combat Readiness Training Center CRTC Cathode Ray Tube Controller CRTC China Railway Telecommunications Center CRTC Cold Region Test Center CRTC Continuously Regenerated Trap Column ), to approve ALLIANCE ATLANTIS' application to acquire a 47.85% interest in Sportscope Television Network Ltd. (Sportscope), which operates the Headline Sports specialty television network. The acquisition will be effected through the transfer of the 682,576.36 common shares currently held by the CRTC-approved trustee, Mr. Keith Campbell, to ALLIANCE ATLANTIS. Launched in 1997, and now available in approximately 5.5 million Canadian homes, Headline Sports is a 24-hour sports network featuring continually updated sports highlights, news and information in a 15-minute wheel format. Sportscope also broadcasts on radio all pre-season, regular season and playoff games of the Toronto Blue Jays "Blue Jays" redirects here. For other uses, see Blue Jay (disambiguation).. The Toronto Blue Jays are a professional baseball team based in Toronto, Ontario, Canada. The Blue Jays are a member of the Eastern Division of Major League Baseball's American League. through its Headline Sports Radio subsidiary. "This is a valuable strategic acquisition for Alliance Atlantis, and is consistent with our stated objective of growing our Alliance Atlantis Broadcasting division," said Mr. MacMillan. "Headline Sports will offer a wonderful complement to our other channels, Showcase, Life Network, History Television, HGTV Canada, and the soon-to-be launched Canal Fiction and Canal Histoire. We look forward to growing Headline Sports with John Levy, who will remain as Chairman and CEO of Sportscope." ALLIANCE ATLANTIS COMMUNICATIONS INC. is a leading creator, producer and distributor and broadcaster of filmed entertainment with significant ownership interests in seven Canadian specialty television networks. The Company's principal business activities are conducted through three operating groups: Television, Motion Pictures and Broadcasting. Headquartered in Toronto, ALLIANCE ATLANTIS operates offices in Los Angeles, Montreal, Vancouver, London, Sydney, and Shannon. The Company's shares trade on the Toronto and Montreal exchanges - trading symbols AAC.A, AAC.B and on NASDAQ-trading symbol AACB. The Company's website is www.allianceatlantis.com. |
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