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MTV acquires CTN

By Allison Romano -- Broadcasting & Cable, 9/20/2002 12:07:00 PM

MTV Networks has a new path to the college crowd, acquiring the assets of cable network College Television Network for $15 million.

CTN is available to 8.2 million students on 750 campuses.

MTVN plans to offer music and entertainment programming over CTN. It will also partner with Viacom Inc. corporate cousins CBS Sports and CBS News to create customized college sports and news coverage.

CTN was at the end of its financial ropes. The company had $13 million in losses for the first half of this year.

Another cash-strapped college channel, Burly Bear Network, sold out to publisher J2 Communications' National Lampoon earlier this month.

MTV Networks Music Group president Judy McGrath and MTV: Music Television president Van Toffler will oversee CTN.

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