Comedy Gold (TV channel) explained

Comedy Gold
Launch Date:September 7, 2001
Closed Date:September 1, 2019
Picture Format:480i (SDTV)
Owner:TV Land Canada ULC (2001–11)[1]

Bell Media (2011–19)
Country:Canada
Language:English
Area:Nationwide
Headquarters:Toronto, Ontario
Former Names:TV Land Canada (2001–10)
Sister Channels:CTV Comedy Channel (known as The Comedy Network at the time of the channel's closure)

Comedy Gold, formerly known as TV Land Canada was a Canadian English language specialty channel that was owned by Bell Media focused on sitcoms and sketch comedy programs from the 1970s to 1990s.

The channel was originally launched in 2001 as a Canadian version of the U.S. channel TV Land by Craig Media and Viacom (currently known as "Paramount"). Craig's interest was acquired by CHUM Limited, the owner of the Citytv system in 2004 upon the acquisition of its assets. In the years following the acquisition of CHUM by CTVglobemedia and later Bell Media, TV Land Canada was renamed to Comedy Gold and became a sister network to The Comedy Network.

After the sale to WOW Unlimited and aborted attempt for relaunch, Comedy Gold ceased operations in 2019.

History

On November 24, 2000, the Canadian Radio-television and Telecommunications Commission (CRTC) granted Craig Media (previously known as Craig Broadcast Systems Inc.) permission to launch a national Category 2 digital specialty channel tentatively known as Retro; a channel described as being "devoted to classic television programming".[2]

In August 2001, before the channel had launched, Craig Media announced it had reached a deal with U.S.-based MTV Networks (now part of Paramount), to launch Retro as a domestic Canadian version of the U.S. classic television-focused cable channel, TV Land.[3] The channel was launched in September 2001 as TV Land Canada, with a slate of programming focusing on classic U.S. sitcoms and dramas. MTV Networks purchased a minority share in the service months later.

In April 2004, CHUM Limited announced it would purchase Craig Media for CAD$265 million; Craig's 80.1% interest in TV Land was included in the sale.[4] The sale was subject to CRTC approval and was approved on November 19, 2004.[5] The transaction was completed on December 1, 2004.[6] In July 2006, Bell Globemedia (later CTVglobemedia) announced that it would purchase CHUM, including TV Land Canada, for an estimated CAD$1.7 billion.[7] The sale was approved by the CRTC on June 8, 2007,[8] with the transaction completed on June 22.

On June 21, 2010, it was announced that TV Land would be rebranded as Comedy Gold, becoming an offshoot of The Comedy Network, effective August 2, 2010. The rebranded channel shifted focus to classic U.S. sitcoms from the 1970s through the 1990s including The Mary Tyler Moore Show, Murphy Brown, and The Fresh Prince of Bel Air.[9] Viacom sold its stake in the channel back to CTV after the rebrand took place.[10]

The channel's ownership changed hands once again when on September 10, 2010, BCE Inc. (a minority shareholder in CTVglobemedia) announced that it planned to acquire 100% interest in CTVglobemedia for a total debt and equity transaction cost of CAD$3.2 billion.[11] The deal was approved by the CRTC on March 7, 2011,[12] and was finalized on April 1 of that year, on which CTVglobemedia was rebranded Bell Media.[13] In June 2012, Comedy Gold unveiled a new on-air look consisting of a new logo and new on-air presentation, aligning with the relaunched Comedy Network, which itself had unveiled a new on-air rebrand in November 2011.[14]

Sale to Wow Unlimited Media, planned and aborted re-launch

In June 2017, Wow Unlimited Media announced a strategic partnership with Bell, under which it would acquire an unspecified category B service to re-launch as a channel targeting children and young adults, in exchange for a minority equity stake in the company.[15] [16] In an October 2017 interview, Bell Media president Randy Lennox revealed that the channel would be Comedy Gold.[17] The sale to Wow Unlimited Media was approved on July 9, 2018.[18]

On March 12, 2019, Wow Unlimited Media issued a press release stating the date upon which the channel would be fully acquired has been pushed back to either May 31, 2019, or August 30, 2019 "to pursue sponsorships and partnerships".[19] On July 24, 2019, a representative of Bell Support revealed that Comedy Gold would be shutting down anywhere between August 30 and September 1.[20] Wow took possession of the license on August 30, and Comedy Gold was ultimately shuttered on September 1. In its second-quarter earnings report, Wow stated that the company was "exploring strategic partnerships to structure a financially attractive business plan" for the network.[21]

In an application sent to the CRTC, dated July 20, 2020, Wow Unlimited requested revocation of its broadcast license for Comedy Gold citing numerous reasons for abandoning the channel, including, but not limited to, the global pandemic, the growing dominance of online streaming services (specifically naming Disney+, Netflix, and Paramount+), the growth of direct-to-consumer AVOD platforms, the significant decrease in ad spending on traditional broadcast channels, the difficulty in acquiring quality content when competing against large multi-national companies such as Netflix, and the crash of the wireline children's TV market making a new network based around that programming unfeasible.[22] The CRTC granted the application's approval and revoked the license on February 5, 2021.[23]

Programming

Prior to the announced sale to Wow Unlimited Media, Comedy Gold focused primarily on sitcoms and sketch comedy programs from the 1970s, 1980s and 1990s (such as Full House, Night Court, The Bob Newhart Show and The Mary Tyler Moore Show); it also carried some Canadian-produced programs (such as Inside the Box and Second City Television).

Since the announcement of its sale to Wow Unlimited Media, Comedy Gold's focus on classic comedy was downplayed and its programming shifted to reruns of general comedy-oriented shows.

See also

Notes and References

  1. Web site: Broadcasting Decision CRTC 2010-562. 9 August 2010. Canadian Radio Television and Telecommunications Commission.
  2. http://www.crtc.gc.ca/eng/archive/2000/DB2000-548.htm Decision CRTC 2000-548
  3. http://www.prnewswire.com/news-releases/tv-land-mtv-and-craig-broadcast-systems-to-launch-new-canadian-services-in-september-71796602.html TV Land, MTV and Craig Broadcast Systems to Launch New Canadian Services in September
  4. http://www.cbc.ca/news/story/2004/04/12/CHUM_040412.html?print= CHUM buying TV broadcaster Craig Media for $265M
  5. http://www.crtc.gc.ca/eng/archive/2004/db2004-502.htm Broadcasting Decision CRTC 2004-502
  6. http://www.fasken.com/experience/detail.aspx?experience=1390 CHUM completes $265 million purchase of Craig Media and financing
  7. http://www.fasken.com/experience/detail.aspx?experience=890 Bell Globemedia acquires CHUM
  8. http://www.crtc.gc.ca/eng/archive/2007/db2007-165.htm Broadcasting Decision CRTC 2007-165
  9. News: Vlessing . Etan . CTV tweaks TV Land Canada's focus . The Hollywood Reporter. November 14, 2018 . June 21, 2010 . https://web.archive.org/web/20101002090924/http://www.hollywoodreporter.com/hr/content_display/world/news/e3i6a6e67e8ba8cbab8d1e2679ff69a3cbb . October 2, 2010.
  10. Web site: Archived copy . 2010-09-13 . dead . https://web.archive.org/web/20101011103205/http://www.crtc.gc.ca/ownership/cht209d.pdf . 2010-10-11 .
  11. Web site: Bell to acquire 100% of Canada's No.1 media company CTV. CNW Group. Bell Canada. 2010-09-10. 2010-09-10.
  12. https://www.ctvnews.ca/crtc-approves-bce-s-purchase-of-ctvglobemedia-1.615461 CRTC approves BCE's purchase of CTVglobemedia
  13. http://www.newswire.ca/en/releases/archive/April2011/01/c8471.html Bell completes acquisition of CTV, launches Bell Media business unit
  14. http://bellmediapr.ca/comedygold/releases/release.asp?id=15291&yyyy=2012 Comedy Gold Reveals New Look in Time for All-New Freeview, Beginning Today
  15. Web site: Wow Unlimited to acquire channel from Bell Media. Regan. Reid. June 8, 2017. June 9, 2017. Kidscreen. Brunico Communications.
  16. Web site: Bell confirms Wow channel deal. C21media. 2017-09-17.
  17. News: The Cartt.ca Interview: Bell Media president Randy Lennox talks rich uncles, teeter-totters and Ty Cobb. Cartt.ca. 2017-10-30. en.
  18. Web site: Comedy Gold – Acquisition of assets. 9 July 2018 . CRTC. en. 2018-07-09.
  19. WOW! Announces Extension to Broadcast Licence Transfer From Bell Media. 2019-03-12. GlobeNewswire News Room. 2019-03-14.
  20. 1158089301403373568. Bell_Support. @IMissBionix Hi Jonathan, thank you.... 4 August 2019.
  21. Web site: WOW! Unlimited stalls launch of new kids channel. Kidscreen. 2019-09-16.
  22. https://services.crtc.gc.ca/pub/DocWebBroker/OpenDocument.aspx?AppNo=202004167 Application 2020-0416-7
  23. https://crtc.gc.ca/eng/archive/2021/2021-51.htm Broadcasting Decision CRTC 2021-51