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Thursday, Nov 28, 2013 12:42 PM PST | |
Today's Entertainment - Reuters Celebrity/Gossip News Headlines - Yahoo! News: |
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Teletubbies' DHX buys kids TV channels from BCE, shares surge Thursday, Nov 28, 2013 12:42 PM PST By Euan Rocha TORONTO (Reuters) - Teletubbies owner DHX Media said on Thursday it will acquire Family Channel and three other children's channels from BCE's Bell Media for C$170 million in cash, adding content distribution to its current capabilities. The deal, cheered by analysts and investors, sent DHX shares surging 38 percent to a lifetime-high of C$5.74 in morning trading on the Toronto Stock Exchange. Halifax-based DHX, which creates, produces or licenses, children's shows such as Teletubbies, Yo GabbaGabba and Caillou, said the deal will boost its earnings and give it a stable stream of subscription-based revenue. RBC Capital Markets analyst Haran Posner described the deal as "transformational," noting that DHX is paying a very attractive price for high quality assets. Full Story | Top |
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Bieber gets clean-up request after painting Australia hotel wall Wednesday, Nov 27, 2013 09:14 PM PST | Top |
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