TVA approved for Indigo buy


TORONTO -- Quebec broadcaster TVA Group on Friday received regulatory permission to acquire the 80% stake in Canal Indigo, the national French-language PPV service, that it does not already own.

The CRTC OK'd the acquisition by TVA Group of a 20% stake each from cable giant Cogeco and Quebec broadcaster Tele-Quatre Saisons, and a 40% stake from rival pay TV service Viewer's Choice Canada.

TVA Group is Quebec's largest French-language broadcaster, controlled by provincial media group Quebecor Media.