BLUE ANT MEDIA Completes Acquisition of High Fidelity HDTV

Posted August 1, 2012

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 acquiredGlassBOX 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 toBlue 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 GMPSecurities L.P. acted as financial advisors to Blue Ant Media.

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