BUSINESS

CityTV Founder Moses Znaimer's ZoomerMedia In Talks To Buy Sun News: Report

12/11/2014 12:18 EST | Updated 12/11/2014 12:59 EST
Sun News

TORONTO — A published report says Moses Znaimer's ZoomerMedia Ltd. is in talks aimed at acquiring Sun News Network from Quebecor Inc.

The Globe and Mail quotes a source "familiar with the negotiations'' as saying Znaimer wants a deal to buy the TV channel before the end of the year.

The Globe says that, according to the source, Znaimer has exclusive negotiating rights for the news and opinion channel.

The Globe said spokespeople for Znaimer and Quebecor declined to comment on the report.

ZoomerMedia operates print, TV, radio, digital, consumer shows, and conferences aimed a the 45-plus age group.

Sun News Network, a conservative-angled news channel, has struggled in the ratings, and been the centre of various political controversies.

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