The media landscape in Canada is being reshaped, with the country’s largest telecoms company Bell taking control of CTV.

As The Globe and Mail put it:

The merger of Canada’s largest telecom carrier and the country’s No. 1 broadcaster is the latest in a series of deals heralding a new era of convergence between media companies and the cable and phone giants that distribute their content.

The deal also means that ownership of The Globe is reverting back to the Woodbridge Co. Ltd., the holding company of the Toronto-based Thomson family.

Read Bell’s statement on the deal after the jump:

Read BCE’s statement on the deal