Independent producers emerge as winners in BCE’s successful bid to buy CTV
News | 12/21/2000 5:00 am EST
The CRTC has approved a $140-million gamble by BCE Inc that Canadian television programming can make money, without having to rely on cheap U.S. shows to help subsidize the cost. As part of its approval of BCE’s $2.3-billion purchase of CTV Inc on Dec. 7, the commission threw its support behind the telecom giant’s attempt to create a new economic model for Canadian English-language entertainment programming – one it contends will result in bigger domestic audiences and international sales for homegrown television.
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