CRTC Approves Rogers Acquisition of Citytv

Rogers
Media announced that the Canadian Radio-Television Commission (CRTC) has
approved the agreement under which Rogers Broadcasting, a Rogers Media
subsidiary, will acquire five Citytv conventional television stations from
CTVglobemedia Inc. These assets are currently under the control of Mr. John D.
McKellar, C.M., Q.C., Trustee under a Voting Trust Agreement in respect of CHUM
Limited. The Citytv network includes Citytv Toronto (CITY-TV), Citytv Winnipeg
(CHMI-TV), Citytv Edmonton (CKEM-TV), Citytv Calgary (CKAL-TV) and Citytv
Vancouver (CKVU-TV). The transaction is expected to close on October 31, 2007.

“We
are delighted with the approval by the CRTC of our acquisition of the Citytv
network. We are the successors to a proud tradition at Citytv and we will
continue to nurture and develop one of Canada’s great brands in a way that
builds on its intensely local, urban and diverse personality,” said Rael
Merson, President of Rogers Broadcasting Limited (RBL).

RBL also
announced that Leslie A. Sole, Chief Executive Officer of Television for Rogers
Media, will assume operational responsibility for the Citytv stations, upon
completion of the acquisition. “Leslie is one of the great innovative
thinkers in Canadian broadcasting. The inimitable originality and creativity
that Leslie brings will ensure that the Citytv stations prosper for the
long-term,” said Mr. Merson. “Jamie Haggarty, Vice-President of
Financial Operations for Rogers Media will oversee the transition with
Leslie.”

“This
is a very exciting time for the television broadcasting group at

Rogers. The addition of
Citytv to our broadcast portfolio gives us the platform and scale for a fresh
and innovative approach to reaching diverse audiences in some of

Canada’s
largest markets,” said Leslie Sole. “The Citytv stations will
complement our existing multicultural OMNI television stations in
Ontario along with the impending launch of new OMNI
stations in
Calgary and

Edmonton.

Rogers also recently applied to the CRTC for
approval of its acquisition of the Vancouver/Victoria multicultural station
Channel M. The combination of our existing television properties with the
Citytv stations gives us a national television platform that will continue our
proud tradition of service to local communities.”