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CITY-TV's iconic street level studios are moving.

The television station's new parent announced they will be leaving their long-time residence at 299 Queen Street West for a new location on Dundas Square.

Yesterday, Rogers Communications announced it had entered into an agreement to buy the Olympic Torch building at 35 Dundas St. East as the new home for CITY-TV and OMNI Television. The deal is expected to be completed next month.

"We think this building portrays the local, urban and diverse character of CITY-TV and OMNI Television," Rogers Media Inc. president and chief executive Tony Viner said.

Rogers Media bought the five stations that make up the CITY-TV network, including the Toronto station, from CTVglobemedia Inc. in June for $375-million.

The Canadian Radio-television and Telecommunications Commission ordered CTVglobemedia to sell the CITY-TV stations after it acquired them in a $1.4-billion takeover of CHUM Ltd.

CITY-TV ran its main operations from 299 Queen Street W., known as the CHUM-CITY building, after moving from Queen Street East in 1987.

The Queen Street location will continue to house CTVglobemedia's MuchMusic music-video channel.