Business
DHX Media closes Family Channel acquisition and announces management changes
HALIFAX , July 31, 2014 /CNW/ - DHX Media Ltd. ("DHX" or the "Company") (TSX: DHX), a le...
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[{"type":"text","content":"\n\n\nHALIFAX, July 31, 2014 /CNW/ - DHX Media Ltd. (\"DHX\" or the \"Company\")\n (TSX: DHX), a leading independent creator, producer, distributor and\n licensor of children's entertainment content today announced the\n closing of its previously announced deal to acquire Family Channel,\n Disney XD, Disney Junior (English-language channel) and Disney Junior\n (French-language channel) (\"Family Channel Business\"). A new business\n within DHX comprised of these four channels will be called DHX\n Television.\n\n\nEffective as of close of business today, DHX's Board of Directors\n announced that Michael Donovan has been elected Executive Chairman,\n Dana Landry has been promoted to Chief Executive Officer, and Michael\n Hirsh has been named Vice-Chairman. Steven DeNure remains in place as\n President and Chief Operating Officer, adding DHX Television to his\n operational responsibilities. Joe Tedesco has been named Senior Vice\n President and General Manager of DHX Television, and Keith Abriel,\n formerly a consultant to the Company, has joined DHX as Chief Financial\n Officer.\n\n\n\"With the closing of this acquisition today and the creation of DHX\n Television, we are entering a new and exciting stage of growth as a\n fully integrated media content company,\" said Michael Donovan,\n Executive Chairman of DHX. \"I feel we have the best possible team in\n place. In my new role as Executive Chairman I will continue to direct\n strategy and work with the team to ensure that the drive and vision\n behind DHX persists well into the future.\"\n\n\nDana Landry, Chief Executive Officer of DHX added: \"DHX Media's strength\n lies in our creativity and ability to leverage our world-renowned\n library of children's brands across the integrated platform we have\n assembled with production, global distribution, merchandising and\n licensing, and now broadcast. I look forward as CEO to continuing our\n focus on both organic and acquisitive growth to further build\n shareholder value. Also, I am very pleased to welcome Keith Abriel to\n the company as CFO. Keith has a strong history in the capital markets\n and has been closely involved with DHX both as an auditor and a tax\n consultant.\"\n\n\nSteven DeNure, President and Chief Operating Officer of DHX Media added:\n \"Since we put DHX Media together in 2006, a key to our success has been\n ...