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Bureau, Asper disagree on need for foreign investment in Canadian broadcast system

News | 05/09/2002 4:00 am EDT

Two senior Canadian broadcasting executives are divided on whether or not foreign ownership rules for broadcasting companies should be loosened. At the New Developments in Communications Law and Policy conference in Ottawa on April 27, Astral Media chair André Bureau argued for the status quo, saying that foreign companies would invest with the sole purpose of generating profits at the expense of Canadian content. On the other hand, CanWest Global Communications Corp. president and CEO Leonard Asper said broadcasters need access to foreign dollars to implement new and emerging technologies and to invest in new content.

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