Tuesday, June 16, 2009

Spiritual TV fits Moses' vision

Seven years after Moses Znaimer left the television industry, the man behind the rise of well-known Canadian channels such as MuchMusic and CITY-TV in the 1980s is getting back into TV with the backing of a major investor.

ZoomerMedia Ltd., (ZUM-X0.220.014.76%) the small startup he created last year to court the baby boom generation, is spending $25-million to buy Vision TV, a small collection of multicultural and religious channels, with an injection of funds from Fairfax Financial Holdings Ltd. (FFH-T285.000.990.35%)

“I have a little experience in television and I have a thought or two about these television channels,” Mr. Znaimer said Monday after the deal to buy Vision and its four channels was made public.

CLICK HERE for the entire article from The Globe and Mail

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