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BCE promises to narrow divide between old and new media with benefits package

News | 07/26/2000 4:00 am EDT

BCE Inc is offering to spend $61 million on new media content, training and research as part of its $2.3-billion bid to buy CTV Inc. Canada’s broadcast regulator requires a so-called "benefits package" whenever a broadcast licensee changes owners. On July 17, Canada’s largest corporation filed an application with the Canadian Radio-television and Tele-communications Commission (CRTC) seeking approval of the takeover.

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