Postmedia finalizes Infomart sale
Postmedia officially sold Infomart on Aug. 16 to Meltwater News Canada, completing the deal it announced in late June. The sale resulted in gross proceeds of $38.25 million, subject to adjustments. The net proceeds from the sale will be applied to debt repayment. Infomart was grouped with Postmedia Labs in the fall of 2015 to launch Postmedia Content Works, designed as a single source for developing content to be deployed within the Postmedia Network. Content Works will still operate post-sale.
Bell Media adds to Vancouver TSN radio schedule
Bell Media has revamped the schedule of its main Vancouver sports radio station, TSN 1040. The weekday lineup will feature a number of new and returning shows. Beginning Aug. 21, the morning wake-up show The Bro Jake Show will move a half-hour earlier to 5:30 a.m., while Donnie & The Moj will move to an earlier 12 p.m. to 3 p.m. slot. The station will also introduce a new drive-home show, Sekeres and Price starring Matt Sekeres and Blake Price. Mike Halford and Jason Brough will also become the voices of a new mid-morning show, Halford and Brough, which will deliver a lighthearted and humorous take on the biggest stories of the sports world, while Sekeres and Price will deliver four hours of sports opinion and in-depth coverage, including on the Canucks. The changes come as Vancouver prepares to welcome a competing sports radio station, Sportsnet 650, which will hold the exclusive coverage rights to all Canucks games.
Sirius launches two new Canadian channels
SiriusXM Canada has added two new channels, Turbo and PopRocks, to its lineup. The two channels launched Aug. 17 and pay homage to both the 90s and early 2000s. Turbo focuses on hard rock from artists such as Korn, System of a Down, Linkin Park and Metallica and PopRocks features softer rock from the likes of The Killers, Coldplay and No Doubt. Although SiriusXM does not offer commercial airtime on its broadcast, it does offer advertising through custom content. According to a spring study from the Media Technology Monitor, 18% of more than 4,000 Canadians surveyed subscribed to SiriusXM – a number has grown significantly over the past 10 years (in 2006, only 5% of respondents subscribed).