Financial analysts reacting to the CRTC’s new pick-and-pay rules say they don’t expect the decision to have a major impact on the industry, though the broadcasting side of the business is more vulnerable than TV distribution. Troy Crandall, a telecom analyst with 3Macs, said in a phone interview Friday that pure broadcast distributors, such as Telus Corp. and Cogeco Cable Inc., will be least affected, while companies focusing on content, such as Corus Entertainment Inc., will see the biggest impact. The CRTC announced Thursday that TV providers must offer a skinny basic...