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The Government of Saskatchewan
announced that, after careful review and analysis of the Expressions of
Interest from groups interested in buying the Saskatchewan Communications
Network, it has decided to sell SCN's assets and operations to Bluepoint
Investment Corporation.
"Bluepoint offered the best bid," Tourism, Parks, Culture and Sport
Minister Dustin Duncan said. "It was also the only proposal with a
business plan that required no public investment. Along with buying the
assets there is also a commitment to buy new Saskatchewan programming
content that will support the film industry and to develop digital
content. This proposal is the best value for taxpayer dollars."
Bluepoint Investment Corporation is a private, Canadian-owned business
whose offer includes a commitment to purchase SCN's physical assets as
well as its film and video assets. Bluepoint will also be financially
responsible for ongoing operations while applying to the CRTC for a
transfer of the existing broadcast license.
"We are delighted to have the opportunity to operate SCN in the spirit of
its original vision, yet with a real chance to grow its audience base with
additional programming," Bluepoint Investment Corporation CEO and founder
Bruce Claassen said. "Bluepoint's aim is and has been to grow as a
respected broadcaster with a focus on community. Our SCN purchase fits
that goal perfectly."
Source: Broadcaster, 06/21/2010 |