Telegram Corporation was a media outlet created under a joint venture between John Bassett

John Bassett

John White Hughes Bassett, was a Canadian publisher and media baron.Born in Ottawa, Ontario, he was the son of John Bassett , publisher of the Montreal Gazette, and Margaret Avery. Bassett attended Ashbury College and graduated from Bishop's University with a BA in 1936...

's Toronto Telegram

Toronto Telegram

The Toronto Evening Telegram was a conservative, broadsheet afternoon newspaper published in Toronto from 1876 to 1971. It had a reputation for supporting the Conservative Party at both the federal and provincial level. The paper competed with the liberal Toronto Star...

and the Eaton family

Eaton family

The Eaton family of Toronto, Ontario, Canada, were owners of the Eaton's department stores, a national chain that was founded in 1869, and became bankrupt in 1999. At the family's height, their net worth was around $2 billion...

, as one of three co-owners of CFTO-TV

CFTO-TV

CFTO-DT, broadcast on channel 9 and cable 8, is a television station in Toronto, Ontario, Canada, owned by Bell Media. Currently branded as CTV Toronto, it is the flagship station of the CTV Television Network, and was one of the charter members of the network when it was launched in 1961. It...

 in 1960. When the Toronto Telegram ended in 1971, the Telegram Corporation was renamed Baton Broadcasting, but retained the ownership under the Bassetts and Eatons.

Baton Broadcasting was renamed once again to Baton Broadcasting System (BBS) in 1994. The Eatons sold their media stake in 1998 and the Bassetts retained sole control of BBS; that same year, BBS was renamed CTV

CTV television network

CTV Television Network is a Canadian English language television network and is owned by Bell Media. It is Canada's largest privately-owned network, and has consistently placed as Canada's top-rated network in total viewers and in key demographics since 2002, after several years trailing the rival...

.