TORONTO -- Corus Entertainment Inc. says it and Bell Media Inc. have agreed to end a deal on two Quebec specialty television channels after the proposed sale was blocked by the Commissioner of Competition.
Corus said on Monday it was reviewing the commissioner's rejection of the deal to sell French-language channels Historia and Series+ to Bell.
When the companies announced the sale in October 2017, they valued the transaction at about $200 million.
In addition to Competition Act approval, the deal had required approval from the CRTC.
Corus says it will continue to own and operate the two channels in Quebec as well as Global Montreal, Teletoon and La chaine Disney, plus Toon Boom, its animation software company.
The company owns specialty television services, radio stations and conventional television stations as well as other assets.
