ZoomerMedia Limited is a Canadian media company controlled by Moses Znaimer, the founder of the Citytv network.[1] Originally focusing on properties targeting what the company calls "zoomers", or the 45+ demographic, in 2022, the company began expanding the company's target audience by acquiring youth-focused properties BlogTO and Daily Hive.
 | |
| Company type | Public |
|---|---|
| TSX-V: ZUM | |
| Industry | Media |
| Founded | Toronto, Ontario (2007) |
| Founder | Moses Znaimer |
| Headquarters | Toronto, Ontario |
| Products | Broadcasting, Advertising, Publishing, Television production |
| Website | www.zoomermedia.ca |
History
editZoomerMedia was formed in December 2007 following Znaimer's acquisition and merger of Kemur Publishing, publishers of CARP Magazine, and website operator Fifty-Plus.Net International.[2] It provides marketing, membership, and other services to CARP (formerly the Canadian Association of Retired Persons), of which Znaimer serves as executive director, and publishes Zoomer Magazine (the renamed CARP Magazine). The company also operates several Internet properties including a portal and a social networking site, all targeted to older adult audiences.
In addition, Znaimer previously personally owned a variety of other assets through his privately held company, MZ Media, that were also unofficially considered part of the "ZoomerMedia" group. These included southern Ontario classical music radio stations CFMZ-FM and CFMX-FM (Classical 96.3 and Classical 103.1 respectively), adult standards station CFZM Toronto (AM 740), and the annual IdeaCity conference.
In June 2009, ZoomerMedia Limited announced a deal to acquire the broadcasting assets of S-VOX, which includes conventional stations CHNU-TV and CIIT-TV along with specialty channels VisionTV and One: the Body, Mind & Spirit channel, for $25 million.[3] As part of the transaction and a related private placement, Znaimer also merged MZ Media into ZoomerMedia.
Following the transactions (which required the approval of minority shareholders and the Canadian Radio-television and Telecommunications Commission (CRTC), Znaimer owns 66% of the combined company, and insurance company Fairfax Financial owns 28%.[4] All of these transactions were completed on June 30, 2010.[5] Later, on September 28, 2010, ZoomerMedia relocated its headquarters to 64 Jefferson Avenue.
In 2022, ZoomerMedia began acquiring more youth-focused online properties, including BlogTO[6] and Daily Hive.[7]
On February 8, 2024, Bell Media announced that it would sell its Owen Sound adult hits station CJOS-FM to ZoomerMedia.[8]
Assets
editConventional television stations
editZoomerMedia's two conventional stations were part of a television system known as Joytv until August 2013 when CIIT was rebranded as "Hope TV" and dropped all non-religious programming. As Joytv, they were licensed as religious television stations that air religious-based programs in addition to other family friendly and entertainment programs. Both were previously owned by S-VOX. They had previously been a part of the Omni Television system, having been previously owned by Trinity Television before the sale to Rogers. Rogers sold the two stations to S-VOX on March 31, 2008.
Specialty channels
editRadio
edit- CFMZ-FM, Toronto, Ontario (The New Classical 96.3 FM)
- CFZM, Toronto, Ontario (Zoomer Radio)
- CFMX-FM, Cobourg, Ontario (Classical 103.1)
- CFMO-FM, Collingwood, Ontario (Classical 102.9)[11]
Magazines
edit- On the Bay Magazine
- Tonic Magazine
- Zoomer Magazine
Digital
edit- EverythingZoomer.com
- Buzz Connected Media
- blogTO.com
- Ludwig-Van.com
Other assets
editSee also
edit- CHUM Limited – Moses Znaimer managed its television division from 1981 to 2003.
References
edit- ^ ZoomerMedia - Our properties
- ^ Media Innovator Moses Znaimer Consolidates Voice For Zoomer Generation[permanent dead link], Moses Znaimer press release, February 28, 2008
- ^ "Spiritual TV fits Moses' Zoomer vision Archived 2009-06-19 at the Wayback Machine. The Globe and Mail, June 15, 2009.
- ^ ZoomerMedia Limited Agrees to Purchase all Television Assets of VisionTV and $17.6 Million Private Placement with Fairfax Financial Holdings Limited, ZoomerMedia press release via Marketwire, June 15, 2009
- ^ ZoomerMedia Limited Completes Acquisitions and Financing
- ^ a b Krewen, Nick. "Zoomer's big plans for BlogTO are already underway". Media of Canada. Retrieved 2024-02-10.
- ^ Josh Rubin, "ZoomerMedia goes after the younger generation with deal to buy Daily Hive publisher for $16.4 million". Toronto Star, September 14, 2022.
- ^ "Bell Media planning cuts to CTV, BNN Bloomberg following BCE layoffs, sale of 45 radio stations". CTV News. February 8, 2024. Retrieved February 8, 2024.
- ^ "FaithTV – ZoomerMedia Limited". Retrieved 2020-10-23.
- ^ "FaithTV - The Nation's Faith Station". FaithTV. Retrieved 2020-10-23.
- ^ Government of Canada, Canadian Radio-television and Telecommunications Commission (CRTC) (2012-02-29). "ARCHIVED - Licensing of new radio stations to serve Shelburne and Collingwood, Ontario". crtc.gc.ca. Retrieved 2020-10-23.