Bell Media to buy Quebec TV network and Noovo video service from Groupe V
Bell Media Quebec says the transaction will add French-language conventional TV to its programming portfolio
MONTREAL – Bell Media has an agreement to buy Quebec-based Groupe V Media’s conventional TV network and Noovo video-on-demand service for an undisclosed price.
The transaction is subject to regulatory approvals and doesn’t include Groupe V’s specialty channels Elle Fictions and Max.
Bell Media Quebec – part of the BCE telecommunications and media group – says the transaction will add French-language conventional TV to its programming portfolio.
Bell Media Quebec’s president, Karine Moses, says the company will also work with the local francophone production community to deliver original programming on V.
Groupe V’s flagship TV station is in Quebec City, with owned stations in Montreal, Saguenay, Sherbrooke and Trois-Rivieres and affiliate stations in three other Quebec communities.
The founder and president of Groupe V Media, Maxime Remillard, says Bell Media will ensure the survival of the francophone conventional television network in a rapidly changing market.