The Caisse, Fonds de solidarité FTQ, IQ back Groupe V Média buy of music channels
Groupe V Média, the owner of French-language television network V, has bought specialty channels MusiquePlus and MusiMax from Bell Media Inc for an undisclosed amount. The Québec entertainment company was supported in the transaction by the Caisse de dépôt et placement du Québec, Fonds de solidarité des travailleurs du Québec FTQ and Investissement Québec, which invested $30 million to re-launch MusiquePlus and MusiMax and to expand Groupe V Média. With the joint investment, the three investors have become shareholders in the new multichannel broadcasting business.
17 September 2014•3 mins read
