October 19, 2012
OpenMedia original article
Techvibes: CRTC blocks Bell's $3.4-billion takeover of Astral Media
The national regulator killed the merger, saying the combined companies would be impossible to police without "extensive and intrusive safeguards" needing to be imposed against all broadcasters across the country. As the Globe and Mail's Steve Ladurantaye writes, "the commission didn’t see any reason to allow one company to control as much as 42% of the English television market and 33% of the French."
“BCE failed to persuade us the deal would benefit Canadians,” said chairman Jean-Pierre Blais. “It would have placed significant market power in the hands of one of the country’s largest media companies. We could not have ensured a robust Canadian broadcasting system without imposing extensive and intrusive safeguards, which would have been to the detriment of the entire industry.” Read more »
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