The Government of Saskatchewan today announced that, after careful review and analysis of the Expressions of Interest from groups interested in buying the Saskatchewan Communications Network (SCN), it has decided to sell SCN's assets and operations to Bluepoint Investment Corporation.
"Bluepoint offered the best bid," Tourism, Parks, Culture and Sport Minister Dustin Duncan said. "It was also the only proposal with a business plan that required no public investment.
Along with buying the assets there is also a commitment to buy new Saskatchewan programming content that will support the film industry and to develop digital content. This proposal is the best value for taxpayer dollars."
Bluepoint Investment Corporation is a private, Canadian-owned business whose offer includes a commitment to purchase SCN's physical assets as well as its film and video assets. Bluepoint will also be financially responsible for ongoing operations while applying to the CRTC for a transfer of the existing broadcast license.
"We are delighted to have the opportunity to operate SCN in the spirit of its original vision, yet with a real chance to grow its audience base with additional programming," Bluepoint Investment Corporation CEO and founder Bruce Claassen said. "Bluepoint's aim is and has been to grow as a respected broadcaster with a focus on community. Our SCN purchase fits that goal perfectly."
"We took the time to review and evaluate all proposals and we are confident we have made an informed decision," Duncan said. "Ultimately the success of the venture will depend on the creativity, innovation, vision and business savvy of Bluepoint."
