V sale in public interest: CRTC
Media | 05/19/2020 5:55 pm EDT
The CRTC has issued the reasoning behind its April 3 decision to allow BCE Inc. to buy Groupe V Media Inc., saying the transaction will serve the public interest.
“In fact, the Commission considers that the transaction would have a positive impact on the viability of the V Stations, allowing them to contribute to the Canadian broadcasting system by providing programming that reflects Canadian attitudes, opinions, ideas and values,” the CRTC said Tuesday.
“Further, the transaction would allow for the introduction of a second private broadcaster in the French-language market with the resources necessary to invest in high quality and big budget Canadian French-language programs.”
The sale was opposed by Bell rival Quebecor Inc., who said it would give Bell control of 42 per cent of Canada’s advertising revenue, and as such, a
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