COMPANY TOWN ANNEX

Interbrew to Sell Labatt TV Arm: The Belgium brewer, which is buying Canada’s Toronto-based John Labatt Ltd. for $2 billion, said it is selling the television unit to a group led by the unit’s management. The price for Labatt Communications Inc. was not disclosed, but analysts have valued the media assets at about $444 million. Interbrew said the agreement is subject to the completion of its takeover of Labatt, set to close July 26. Labatt Communications’ crown jewel is the TSN TV sports network and its French-language counterpart, Le Reseau des Sports. It also owns 80% of the Discovery Channel and 25% of a movie channel, Viewers’ Choice Canada. Other broadcast-related businesses include Dome Productions Inc., NTN Canada and the Rep Shoppe/Medias Ventes.