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  1. #1
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    Jul 2006
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    Blue Ant Media Acquires High Fidelity HDTV; Torstar purchases 25% of Blue Ant Media

    BLUE ANT MEDIA ENTERS AGREEMENT TO ACQUIRE HIGH FIDELITY HDTV


    BLUE ANT MEDIA ENTERS AGREEMENT TO ACQUIRE HIGH FIDELITY HDTV

    Torstar Corporation Set to Take 25% Ownership Stake in Blue Ant Media

    Providence Equity Capital Markets Has Committed to Providing Additional Financing to Facilitate the Transaction

    (Toronto, ON) Dec 21, 2011Blue Ant Media (the “Company”) announced today it has entered into an agreement to acquire Canadian broadcaster High Fidelity HDTV and its four premium high definition channels – Oasis HD, eqhd, radX and HIFI HD. The transaction is pending CRTC approval. The Company will initially purchase 29.9% of shares in High Fidelity HDTV, with the remaining 70.1% closing subject to CRTC approval.

    Blue Ant Media is a newly established independent media company led by media veteran Michael MacMillan. In addition to its controlling interest in GlassBOX Television, which operates Travel+Escape, Bite TV and AUX TV, Blue Ant Media owns a minority interest in Quarto Communications (Cottage Life, Outdoor Canada, Explore and Canadian Home Workshop).

    Also being announced today, Torstar Corporation has invested in Blue Ant Media, taking a 25% ownership stake in the Company. In addition, Providence Equity Capital Markets has committed to providing additional financing to Blue Ant Media as part of the High Fidelity HDTV acquisition.

    “We believe it’s a great time to establish and grow a new kind of media company in Canada and our investments in High Fidelity and GlassBOX provide a robust and complementary offering for audiences,” said Michael MacMillan, CEO, Blue Ant Media. “We are pleased Torstar Corporation sees the opportunity with our company. Their participation along with Providence will further boost the support of our properties.”

    “Torstar Corporation sees the investment in Blue Ant Media as strategic, providing the opportunity to further diversify our Canadian media asset base,” said David Holland, CEO, Torstar Corporation. “We see the potential in Michael’s vision for a new kind of media company in Canada and are very pleased to be involved.”

    “GlassBOX looks forward to joining with High Fidelity under the Blue Ant umbrella,” said Raja Khanna, CEO, GlassBOX Television. “The combined business will provide increased opportunities to engage audiences with great content on all platforms.”

    “It’s a perfect strategic fit for High Fidelity,” said Ken Murphy, President, High Fidelity HDTV. “One that positions our premium channels for continued success in the rapidly changing media environment.”

    High Fidelity HDTV and Blue Ant Media intend to swiftly submit an application to the CRTC for approval of the acquisition. CIBC World Markets Inc. and GMP Securities L.P. acted as financial advisors to Blue Ant Media.

    Blue Ant Media is a privately held Canadian media company. It is a majority shareholder of GlassBOX Television and has a minority interest in Quarto Communications, publishers of Cottage Life, Outdoor Canada, Explore and Canadian Home Workshop.

    High Fidelity HDTV
    is Canada’s leading HD broadcaster with four highly popular HD channels: Oasis HD (Love Nature), HIFI HD (Music and Art), eqhd (Ideas and Cultures) and radX (Adventure). These premium channels provide Canadians with some of the best non-fiction programming from around the world, including concerts, movies and special programming.
    GlassBOX Television is an integrated media company that owns and operates Canadian specialty television networks AUX (focused on music and music culture), BITE TV (focused on satirical comedy shorts, sitcoms and movies) and Travel+Escape channel (home of top-rated travel and adventure themed programs). The company’s digital publishing division operates broadband portals (including www.AUX.tv, www.Bite.ca, andwww.TravelandEscape.ca), blogs, mobile sites and applications while representing the Canadian online advertising inventory of several major international brands. (www.glassbox.tv)

    Torstar Corporation
    is a broadly based media and book publishing company listed on the Toronto Stock Exchange (TS.B). Its businesses include the Star Media Group led by the Toronto Star, Canada’s largest daily newspaper, and digital properties including thestar.com, toronto.com, Workopolis, Olive Media, and eyeReturn Marketing; Metroland Media Group, publishers of community and daily newspapers in Ontario; and Harlequin, a leading global publisher of books for women.


    Providence Equity Capital Markets
    is an affiliate of Providence Equity Partners,the leading global private investment firm specializing in private equity and debt investments in media, communications, information and education companies around the world. The principals of Providence manage funds with over $23 billion in commitments, including $4 billion in debt assets and related commitments. Providence is headquartered in Providence, RI (USA) and has offices in New York, London, Los Angeles, Hong Kong and New Delhi. Visit www.provequity.com for more information.


    http://glassbox.tv/2011/12/21/blue-a...fidelity-hdtv/

  2. #2
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    Oct 2009
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    I wonder why the owners of High Fidelity HDTV decided to sell the company- are these channels not successful?! It will be interesting to see if Blue Ant Media makes any changes to the HIFI channels or if they will leave them the same?!

    This PR refers to Blue Ant Media (just like the one where they bought the Glassbox channels) yet I cannot find any information on this company nor does there appear to be a website?! Does this company exist in name only and will all these channels they own continue under their existing company names (Glassbox & High Fidelity HDTV) or will they be merged under the Blue Ant Media banner?!

    On another note, Mr. MacMillan appears to be building a nice little media empire here, nice to see an independent company making headlines for a change. I think he should look into launching a drama channel (it would go well with Bite which airs comedy). I think a world cinema channel would fit the bill, airing the best drama programming (TV series & films) from around the world.

  3. #3
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    Jul 2006
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    Quote Originally Posted by CDN Viewer View Post
    This PR refers to Blue Ant Media (just like the one where they bought the Glassbox channels) yet I cannot find any information on this company nor does there appear to be a website?! Does this company exist in name only and will all these channels they own continue under their existing company names (Glassbox & High Fidelity HDTV) or will they be merged under the Blue Ant Media banner?!
    Other than Blue Ant's stake in Glassbox and Quarto, I don't think Blue Ant had any tangible assets before that. At least on the web, there is simply nothing that speaks of Blue Ant other than mentioning that they own Glassbox and Quarto. Glassbox was its first acquisition, and even then there wasn't any mention of what it owned or did, other than a vague description of it being a media company.

    But, anyways, it seems to make sense that they would combine the two under one brand and consolidate operations as much as possible. Glassbox and HIFI already operate out of them same building anyways, so there probably won't be too much of a hassle, from a logistics side anyways.

    Quote Originally Posted by CDN Viewer View Post
    On another note, Mr. MacMillan appears to be building a nice little media empire here, nice to see an independent company making headlines for a change. I think he should look into launching a drama channel (it would go well with Bite which airs comedy). I think a world cinema channel would fit the bill, airing the best drama programming (TV series & films) from around the world.
    Although it's nice to an independent company grow like this and hopefully make some headwinds against the mega corps, but IMO it's unfortunate that it had to come at the expense of another indie company like HiFi. Again, that just means that another indie player has just been gobbled up. I'd be much more happy if Blue Ant had bought BookTV from Bell or IFC from Shaw to grow instead. Or, maybe even launch their own channels.....

  4. #4
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    Oct 2009
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    I'd be much more happy if Blue Ant had bought BookTV from Bell or IFC from Shaw
    Interesting comment, I think IFC would be a great pickup and would fit the bill for the drama channel I was mentioning above. Of course, I don't think Shaw would sell this channel as its a Cat. 1 service with mandatory carriage but with these conglomerates you never know (Bell sold Travel + Escape, another Cat. 1 channel)?! It would also bring the channel back full circle, under the control of Mr. Macmillan who launched IFC when he worked for Alliance Atlantis. The programing would definitely improve under his guidance compared to what you get now under Shaw. This was one of my favourite AA channels, here's hoping someway this can actually come true!

  5. #5
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    May 2009
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    Quote Originally Posted by CDN Viewer View Post

    This PR refers to Blue Ant Media (just like the one where they bought the Glassbox channels) yet I cannot find any information on this company nor does there appear to be a website?! Does this company exist in name only and will all these channels they own continue under their existing company names (Glassbox & High Fidelity HDTV) or will they be merged under the Blue Ant Media banner?!
    Most of these upstarts still don't have websites yet until they make a name for themselves. Maybe they're like Bluepoint Media, they still operate out of their house.

    I just realized...Bluepoint Media and Blue Ant Media both have the word Blue in it, and both are media start ups...anyone else find that odd?
    "And Now for Something Completely Different..." - John Cleese (Monty Python).

  6. #6
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    Aug 2009
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    871
    Quote Originally Posted by musimax View Post
    or IFC from Shaw to grow instead. Or, maybe even launch their own channels.....
    Even in the US IFC has pretty much sold out the arts and become a mass market channel sadly. Aside from the cache it had for arts and culture I'm not sure what the IFC brand is worth anymore.

  7. #7
    Join Date
    Jan 2008
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    Montreal
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    Broadcasting Decision CRTC 2012-381
    Ottawa, 16 July 2012
    High Fidelity HDTV Inc.
    Across Canada

    Change in effective control

    The Commission approves the application by High Fidelity HDTV Inc. for authority to change its effective control and the control of its subsidiaries so that control is exercised by Blue Ant Media Inc.

    Introduction
    1. The Commission received an application by High Fidelity HDTV Inc. (High Fidelity), pursuant to section 10(4)(a) of the Specialty Services Regulations, 1990, for authority to change its effective control and the control of its subsidiaries so that control will be exercised by Blue Ant Media Inc. (Blue Ant).

    2. High Fidelity is currently held by HFB Canada Acquisitions Holdings Inc. (HFB Canada), a subsidiary of Blue Ant, which holds 29.9% of the voting interest, and by 14 minority shareholders, who collectively hold 70.1% of the voting interest. High Fidelity is controlled by its shareholders pursuant to the terms of a unanimous shareholders’ agreement.

    (...)

    Source: http://www.crtc.gc.ca/eng/archive/2012/2012-381.htm
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  8. #8
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    Feb 2009
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    I hope they don't change to much with Oasis.

 

 

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