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Business News Deals Media
GTN’s acquisition of UBC’s news services approved
By CMU Editorial | Published on Tuesday 24 February 2009
The previously reported sale of UBC Media’s Commercial Division, which provides travel and entertainment news services among other things, to Canadian company Global Traffic Network has been passed by the company’s General Meeting.
The GM also agreed that UBC’s COO John Quinn will move with the Division, becoming a senior GTN exec. UBC’s CEO Simon Cole will also sign a three year non-compete agreement.
