Rogers Communications has entered into a binding agreement to acquire 35 Dundas Street East, currently known as The Olympic Torch building to house Citytv and OMNI Television in Toronto.
The acquisition is subject to certain important conditions being fulfilled. The closing schedule is currently planned for mid November.
"We think this building portrays the local, urban and diverse character of Citytv and OMNI Television," said Tony Viner, President and CEO, Rogers Media Inc. "We were determined to find a location that would maintain the stations’ presence in the local fabric of the city."
<font size=1>Source: Rogers Communications Inc.</font>