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CRTC says Stingray can buy Newcap; deal to close this week

Media | 10/23/2018 1:43 pm EDT

Stingray Digital Group Inc.’s move to enter the Canadian radio market has received the approval of the CRTC, as the regulator said Stingray could go ahead with its purchase of the second-largest private radio player in the country. Stingray announced its plan to buy...

CRTC opens consult on Stingray-Newcap, Quebecor-Serdy deals

Media | 08/03/2018 3:47 pm EDT

The CRTC has set Sept. 4 as the deadline for comments in two acquisitions in the broadcasting sector. It opened consultations Friday on the proposed acquisition of Groupe Serdy by Quebecor Inc. and the deal for Stingray Digital Group Inc. to buy Newfoundland Capital Corporation Ltd. Quebecor has proposed to pay $1.79 million in tangible benefits, while Newcap has proposed $31 million. Both deals must receive CRTC approval to go ahead....