Cogeco Inc. subsidiary Cogeco Diffusion has reached a deal to sell two FM radio stations in the Quebec City region and is working to sell a third in Sherbrooke, Que., the company announced Wednesday.

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The Commercial Chamber of the Superior Court of Quebec has granted Prestige Telecom Inc. leave to complete the previously announced sale of “substantially all” of its assets to a company controlled by Thornhill Investments Inc., Prestige announced last week.

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Heritage Minister James Moore said Tuesday that the government can’t force CBC/Radio-Canada to disclose information such as broadcaster Peter Mansbridge’s salary.

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Canadian telecom companies require “considerable capital” if Canada is going to keep its “edge as a country,” Industry Minister Christian Paradis said at a communications conference Tuesday.

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The Canadian broadcasting system does show enough profits to cushion the potential impacts of competing over-the-top services, industry analyst Randall Rudniski said Monday at the International Institute of Communications conference in Ottawa.

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The CRTC says the future of its national do-not-call list is at risk if it does not obtain funding beyond 2011-2012.

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