Independent broadcaster Glassbox Television announced today it will buy digital specialty channel travel + escape from CTV. The acquisition of the category one travel and leisure service is subject to CRTC approval, for which an application has already been filed. Financial terms of the sale were not disclosed. Glassbox operates cross-platform broadcast and VOD channels Bite TV (a hyper-interactive digital channel) and 24-hour music service Aux. According to 2009 CRTC filings, travel + escape is a profitable channel, earning a pre-tax profit of $1.6 million on revenue of $5.23 million, for the 12 months ended on August 31, 2009, with right around 97,000 subscribers.
Source: Cartt, 06/08/2010