CHUM Limited

CHUM Limited {{tsx|CHM}} is a publicly traded media company based in Toronto, Ontario, Canada. It currently holds full or joint control of two Canadian television systems — Citytv and A-Channel (formerly NewNet) — comprising 11 local stations, as well as one CBC affiliate and 21 branded specialty television channels, most notably MuchMusic and its various spinoffs. In addition, CHUM controls 33 radio stations across Canada.

Related Topics:
Toronto, Ontario - Canada - Citytv - A-Channel - CBC - Specialty television channels - MuchMusic - Radio station

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CHUM began in 1945 with a single AM radio station in Toronto. In 1954 it was purchased by Allan Waters, and today several of his children stand on the board of directors of the company. In 1967 Waters founded CHUM Limited to control his growing number of media properties.

Related Topics:
1945 - 1954 - Allan Waters - 1967

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Although CHUM's radio holdings tend to retain traditional formats, their television stations reflect the avant garde philosophy of former senior executive Moses Znaimer, who turned his hip, local style of television broadcasting into an image as perhaps Canada's most flamboyantly visible media titan in the 1980s and 1990s. (Znaimer retired from active management at CHUM in 2003, although he continues to work on projects with the company.)

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CHUM Limited's headquarters are located at 299 Queen Street West in Toronto, the famous CHUM-City Building.

Related Topics:
Queen Street West - CHUM-City Building

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On December 1, 2004, CHUM purchased Craig Media Inc., which owned five local TV stations, mainly in the Prairies, and three digital specialty services, for $265 million. The transaction, announced by CHUM on April 12 of that year, was approved by the Canadian Radio-television and Telecommunications Commission on November 19, allowing CHUM to integrate Craig's A-Channel stations into Citytv the following year. Due to competition concerns, CHUM sold Craig's CKXT (known as "Toronto 1") to TVA and Sun Media, in exchange for $46 million in cash and Sun's 29.9% share in the Toronto news service CablePulse24, which is now wholly owned by CHUM, effective December 2.

Related Topics:
December 1 - 2004 - Craig Media Inc. - Prairies - Digital - $ - April 12 - Canadian Radio-television and Telecommunications Commission - November 19 - CKXT - TVA - Sun Media - CablePulse24 - December 2

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