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CRTC Approves WOW! Unlimited Media's Acquisition of Comedy GoldVANCOUVER and TORONTO, July 11, 2018 /CNW/ - WOW! Unlimited Media Inc. (TSXV:WOW.A) (TSXV:WOW.B) (the "Company" or "WOW!") is pleased to announce that the Canadian Radio-television and Telecommunications Commission (the "CRTC" or the "Commission") has approved an application by WOW! Unlimited Networks Inc. ("WOW! Networks"), a wholly owned subsidiary of WOW! Unlimited Media Inc., to acquire ownership of national, English-language discretionary channel, Comedy Gold from Bell Media Inc. and obtain a new broadcasting license for WOW! (the "Transaction") to continue operation of the service. WOW! Networks is excited to relaunch Comedy Gold as a newly created kids and youth channel that combines next gen innovation with an immersive multi-platform experience to bring young Canadians the content they love. The Commission's decision noted the transaction's benefit to both the Canadian viewing public and the broadcasting system by providing a wider variety of children's and youth content, along with an increase in production within the kids genre. The CRTC's approval was a condition of the Transaction. WOW! Networks looks forward to closing the Transaction expeditiously. For more information concerning the Transaction, please refer to the Company's press release dated September 13, 2017. About WOW! Unlimited Media Inc. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Forward-Looking Statements: Should one or more of these risks or uncertainties, or a risk that is not currently known to us materialize, or should assumptions underlying those forward-looking statements prove incorrect, actual results may vary materially from those described herein. These forward-looking statements are made as of the date of this release and we do not intend, and do not assume any obligation, to update these forward-looking statements, except as required by applicable securities laws. Investors are cautioned that forward-looking statements are not guarantees of future performance and are inherently uncertain. Accordingly, investors are cautioned not to put undue reliance on forward-looking statements. Future-orientated financial information and financial outlook information (collectively, "FOFI") contained in this press release, as such terms are defined by applicable securities laws, is provided for the purpose of providing information about management's current expectations and plans relating to the future. FOFI contained in this press release was made as of the date of this press release and was provided for the purpose of disclosing material undisclosed information pertaining to the Company. The Company disclaims any intention or obligations to update or revise any FOFI contained in this press release unless required by applicable law. Readers are cautioned that reliance on such information may not be appropriate for other purposes. SOURCE WOW! Unlimited Media Inc. |