DAILY NEWS Jun 8, 2010 9:09 AM - 0 comments

GlassBOX to Acquire Specialty Channel travel + escape from CTV

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GlassBOX Television Inc. has entered into an agreement to acquire specialty channel travel + escape from CTV Inc. The acquisition of the Category 1 travel and leisure service is subject to CRTC approval, for which an application has been filed.

"This acquisition is a natural next step in our company's development and a great fit with our growing suite of services," said Raja Khanna, Co-CEO of GlassBOX Television Inc.

GlassBOX uses cross platform and on-demand content delivery to drive audiences for its creators, carriers and advertising partners across channels and platforms like BITE TV (www.bite.ca), available on cable, satellite, IPTV and mobile carriers, and the 24 hour interactive cross platform music service AUX (www.aux.tv).

GlassBOX says it has engaged investment banking services of GMP Securities to finance the proposed CTV acquisition.

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