Industry advocates decry secretive foreign investments review process
News | 02/07/2002 5:00 am EST
|
A massive agreement by AOL Time Warner to invest $221 million in Canadian cultural industries is raising questions within industry about the secretive and self-serving nature of merger benefits packages. The AOL deal is the result of an approval process by Canadian Heritage made necessary when Time Warner’s Canadian film and music distribution companies passed to new American ownership. This content is available to wirereport.ca subscribers Already a subscriber? Sign in here Unlock all the Canadian telecom, broadcasting and digital media news you need.Take a free trial or subscribe to The Wire Report now. FREE TRIALTwo weeks free access to thewirereport.ca and our exlusive newsletters. SUBSCRIBEUnlimited access to thewirereport.ca and our exlusive newsletters. Reuse & PermissionsUnauthorized distribution, transmission, reuse or republication of any and all content is strictly prohibited. To discuss re-use of this material, please contact: Customer Care, 613-688-8821 | subscriptions@hilltimes.com |