July 9 SCN/Bluepoint update

To members of SCN Matters

July 9, 2010

Week one SCN update

Hi there

I know you all want to know what is happening with SCN and Bluepoint so here is a first week update.

The Bluepoint Investment Corporation of Oakville Ontario closed the deal with the Government of Saskatchewan and took control of SCN the afternoon of June 30th. Until the CRTC can deal with Bluepoint’s application to transfer SCN’s Broadcast Licence, Bluepoint will be operating SCN on contract to the outgoing SCN Board of Directors and the Government of Saskatchewan.

I am very pleased to announce that Joanne McDonald has joined the SCN/Bluepoint team as the interim station manager. As well, Bluepoint has contracted several other previous SCN employees to help operate SCN during the interim period. This interim crew has been operating SCN for over a week now and is pleased to report that there have been no operational problems during this period

Until the CRTC deals with the Bluepoint licence transfer application, Bluepoint can make no changes to SCN’s on-air look and cannot acquire any new programming or make any commitments to producers for new productions. In the coming weeks we will be holding meetings and trying to talk with as many of you as possible about our plans for the new SCN and for the Saskatchewan production community.

Anyone who has a project underway that has a signed contract with the old SCN should refer to the SaskFilm News Release of June 30th which confirms that SaskFilm will be responsible for fulfilling all of SCN’s financial and business obligations as per the SCN contracts with producers. SCN/Bluepoint will broadcast all completed and technically accepted productions and ensure that broadcast obligations for things like the CTF and CAVCO will be met.

As mentioned earlier, Bluepoint looks forward to meeting with as many of you as possible and will be seeking your support for our licence application. I know many of you are frustrated with the events at SCN these past few months, and want this matter resolved so that SCN continues to be a part of the community and we can get back to work. We hope the CRTC will see fit to address our application in a timely fashion and interested parties may want to let the CRTC know that members of the Saskatchewan production community and others would appreciate an expeditious resolution to this matter.

We look forward to meeting and working with you, and want to thank you all for your patience and good wishes.

Richard Gustin
SCN Project Manager
Bluepoint Investment Corporation