News Release


Toronto, June 15, 2009
VisionTV Board agrees to ZoomerMedia purchase of television properties TORONTO – The Board of Directors of VisionTV (VTV) announced today that it has entered into an agreement to sell its broadcasting assets to ZoomerMedia Limited (ZML). A registered charity, VTV operates the VisionTV network, an award-winning multi-faith and multicultural channel available in nine million homes nationwide on basic cable. It also operates the digital television service One: the Body, Mind & Spirit channel and the conventional TV stations Joytv 10 in Vancouver and Joytv 11 in Winnipeg. The acquisition by ZML of the VTV broadcasting assets is subject to the approval of the Canadian Radio-television and Telecommunications Commission (CRTC). Dale Godsoe, Chair of the Board of Directors, said the agreement ensures that the VisionTV network and its sister stations will enjoy enhanced prospects for growth and success. Said Ms. Godsoe: “The VisionTV group of channels deliver unique and original programming to the millions of Canadians interested in spirituality, wellness and personal growth. Joining the ZoomerMedia family will ensure that they are able to continue fulfilling this unique mission. It will create new benefits and synergies, and will position the channels to prevail in the face of technological and regulatory change.” Said Bill Roberts, President and CEO of VisionTV: “Viewers over the age of 50 represent VisionTV’s core audience, making it a natural complement to ZoomerMedia’s existing media properties and opening up new opportunities for cross-platform promotion. In addition, ZML and VisionTV share a strong commitment to diversity and high-quality Canadian content.” The VTV Charity will remain in the control of the Board of Directors, who will determine the Charity’s future direction and activities. The VTV Charity has a mandate to produce and distribute, in all formats, content designed “to reflect and to respect Canada’s faith communities and the religious, ethical and moral concerns of those communities.” The Board is currently investigating new and innovative approaches to fulfilling this mandate. Said Ms. Godsoe: “We are excited by this opportunity to explore new strategies for developing and delivering interfaith and diversity-oriented content, and we look forward to re-inventing and re-energizing the VTV Charity for the 21st century.”

Toronto, June 15, 2009

VisionTV Board agrees to ZoomerMedia purchase of
television properties

TORONTO – The Board of Directors of VisionTV (VTV) announced today that it has entered into an agreement to sell its broadcasting assets to ZoomerMedia Limited (ZML).

A registered charity, VTV operates the VisionTV network, an award-winning multi-faith and multicultural channel available in nine million homes nationwide on basic cable. It also operates the digital television service One: the Body, Mind & Spirit channel and the conventional TV stations Joytv 10 in Vancouver and Joytv 11 in Winnipeg.

The acquisition by ZML of the VTV broadcasting assets is subject to the approval of the Canadian Radio-television and Telecommunications Commission (CRTC).

Dale Godsoe, Chair of the Board of Directors, said the agreement ensures that the VisionTV network and its sister stations will enjoy enhanced prospects for growth and success.

Said Ms. Godsoe: “The VisionTV group of channels deliver unique and original programming to the millions of Canadians interested in spirituality, wellness and personal growth. Joining the ZoomerMedia family will ensure that they are able to continue fulfilling this unique mission. It will create new benefits and synergies, and will position the channels to prevail in the face of technological and regulatory change.”

Said Bill Roberts, President and CEO of VisionTV: “Viewers over the age of 50 represent VisionTV’s core audience, making it a natural complement to ZoomerMedia’s existing media properties and opening up new opportunities for cross-platform promotion. In addition, ZML and VisionTV share a strong commitment to diversity and high-quality Canadian content.”

The VTV Charity will remain in the control of the Board of Directors, who will determine the Charity’s future direction and activities.

The VTV Charity has a mandate to produce and distribute, in all formats, content designed “to reflect and to respect Canada’s faith communities and the religious, ethical and moral concerns of those communities.” The Board is currently investigating new and innovative approaches to fulfilling this mandate.

Said Ms. Godsoe: “We are excited by this opportunity to explore new strategies for developing and delivering interfaith and diversity-oriented content, and we look forward to re-inventing and re-energizing the VTV Charity for the 21st century.”