Score shareholders approve Rogers acquisition

Shareholders of Score Media voted Monday to approve a takeover of the company by Rogers Media under a plan that will also see its digital assets spun out to its existing shareholders. Under the plan, shareholders of Score Media will receive $1.62 in cash and one class A subordinate voting share of theScore Inc., which […]

Shareholders of Score Media voted Monday to approve a takeover of the company by Rogers Media under a plan that will also see its digital assets spun out to its existing shareholders.

Under the plan, shareholders of Score Media will receive $1.62 in cash and one class A subordinate voting share of theScore Inc., which will hold the digital media assets of Score Media.

Former holders of Score Media shares will hold approximately 88.2% of the outstanding shares of Score Digital, while Rogers will own the remaining stake.

Score Media’s main asset is theScore Television Network speciality channel.

The company’s digital assets include TheScore.com website as well as several mobile applications.

Shares in the company were down a penny at $1.75 on the Toronto Stock Exchange on Monday.

According to Score Media, the acquisition of shares could become effective as soon as Oct. 19.

Media Articles

A revisionist’s recent history of TV and internet advertising (Column)

Traditional TV has done a poor job of defending itself against false perceptions that ad spend is shifting dramatically. The danger is these perceptions can lead marketers to invest against that change, making it a reality

Digital magazine readership on the rise: PMB

Digital readership increases by more than 50% in the past year

Nearly half of Canadians read a newspaper each week: NADbank

Digital-only readership is just 11%, but growing among younger demographics

CTV/CMA announce judges for Super Bowl ad challenge

Winning ad will air during CTV’s Feb. 1 telecast of Super Bowl XLIX

TSN unveils online store

New venture isn’t intended to compete with established online merchants, but round out the online experience for TSN.ca users

Shomi announces new content deal with Warner Bros

Includes popular library titles like Veronica Mars, as well as several Kubrick films

Facebook revenue soars thanks to boost in mobile ads

Social media site succeeds in steering advertisers to its mobile platform

CBC secures broadcast rights for the 2018 and 2020 Olympics

Broadcaster to partner with Rogers and Bell