BCE divests equity stake in the Globe and Mail
Aug 14, 2015
MONTRÉAL, Aug. 14, 2015 /CNW Telbec/ - BCE Inc. (TSX, NYSE: BCE) today announced that it has sold its 15% equity position in the Globe and Mail Inc. to The Woodbridge Company Limited, the primary investment vehicle for members of the Thomson family of Canada and majority owner of the Globe. Terms of the transaction were not disclosed.
"We thank Woodbridge for their partnership and support over the years and wish them the very best in taking Canada's national newspaper forward," said George Cope, President and Chief Executive Officer of BCE and Bell Canada.
About the Globe and Mail
The Globe and Mail, through its newspaper, magazine, online and mobile platforms, is Canada's foremost news media company. Each day, The Globe leads the national discussion by engaging Canadians through its award-winning coverage and analysis of news, politics, business and lifestyle. The Globe and Mail, Canada's national newspaper, founded in 1844; Report on Business, Canada's most influential business magazine; and globeandmail.com, the newspaper's online and mobile media hub, reach a combined 6 million readers every month.
Bell is Canada's largest communications company, providing consumers and business customers with wireless, TV, Internet, home phone and business communications services. Bell Media is Canada's premier multimedia company with leading assets in television, radio, out of home, and digital media. Bell is wholly owned by Montréal's BCE Inc. (TSX, NYSE: BCE). For more information, please visit Bell.ca.
The Bell Let's Talk initiative promotes Canadian mental health with national awareness and anti-stigma campaigns, like Clara's Big Ride for Bell Let's Talk and Bell Let's Talk Day, and significant Bell funding of community care and access, research, and workplace initiatives. To learn more, please visit Bell.ca/LetsTalk.
SOURCE Bell Canada