Monday, June 15, 2009

Vision-Zoomer deal to return Moses Znaimer to TV

Canadian media mogul Moses Znaimer, best known as the founder of MuchMusic and Citytv, is getting back into television, with his firm ZoomerMedia poised to acquire the broadcasting assets of multi-faith, multicultural channel Vision TV.

ZoomerMedia Ltd. announced the deal Monday, saying it will pay $25 million in cash and shares to acquire the specialty broadcaster, which also counts two traditional stations — Joytv serving Winnipeg and B.C. (in Vancouver, Victoria and Fraser Valley) — as well as the digital TV service One: the Body, Mind & Spirit channel among its operations.

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