CanWest expands content empire with deal to purchase major Hollinger papers
News | 08/17/2000 4:00 am EDT
CanWest Global Ltd’s takeover of Canada’s largest newspaper chain should sail through with virtually no scrutiny, senior political sources in Ottawa say. The Canadian Competition Bureau is obliged to look at the deal between CanWest and Conrad Black’s Hollinger Corporation, but only in terms of whether the agreement further restricts competition in the newspaper industry. It will not address the issue of media cross-ownership, a major fear of Canadian nationalists in the 1960s and ’70s. With "media convergence" the buzzword of this decade, there’s little stomach among politicians to try to stop CanWest from becoming an integrated media company.
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