Blue Ant Media Completes Acquisition of High Fidelity HDTV

Acquisition Strengthens Blue Ant Media Portfolio to Seven TV Channels with the Addition of Oasis HD, eqhd, radX and HIFI HD 

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TORONTO, Aug. 1, 2012 /CNW/ - Blue Ant Media Inc. (the "Company") announced today it has acquired Canadian broadcaster High Fidelity HDTV and its four premium high definition channels - Oasis HD, eqhd, radX and HIFI HD. With the existing GlassBOX Television properties Bite, AUX and Travel+Escape the addition of the High Fidelity HDTV channels further strengthens the Company as an up and coming independent media company in Canada.

Since forming in early 2011 Blue Ant Media has moved quickly to build its media assets. Last year the company acquired GlassBOX Television and purchased a minority interest in Cottage Life Media Inc. (Cottage Life, Outdoor Canada and Canadian Home Workshop). It was also announced late last year that Torstar Corporation acquired an approximate 25% ownership interest in Blue Ant Media and Providence Equity Capital Markets provided additional financing to Blue Ant Media as part of the High Fidelity HDTV acquisition.

"It's an exciting time to be a media company in Canada and our ownership of High Fidelity and GlassBOX give audiences great content in lifestyle, travel, documentary, music and entertainment categories," said Michael MacMillan, CEO, Blue Ant Media. "We look forward to fostering and growing these brands."

CIBC World Markets Inc. and GMP Securities L.P. acted as financial advisors to Blue Ant Media.

Blue Ant Media is a privately held integrated Canadian media company that creates and distributes great content in lifestyle, travel, documentary, music and entertainment categories. The company owns specialty channels Travel+Escape, Bite TV and AUX TV along with four premium commercial-free high definition channels Oasis HD, HIFI HD, eqhd and radX and their companion websites. Blue Ant Media's digital publishing division produces daily content for its web and mobile sites and recently launched AUX Magazine, a monthly music tablet magazine. Blue Ant also has a minority interest in Cottage Life Media Inc., publishers of Cottage Life, Outdoor Canada and Canadian Home Workshop. 

SOURCE: Blue Ant Media

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