Stakeholders in Canada's television industry voiced their concerns of BCE Inc.'s proposed takeover of CTV to the country's telecommunications regulator for a third day Thursday. Quebecor president and CEO Pierre Karl Peladeau (pictured) is not opposed to the $1.3-billion deal, but stressed at the CRTC hearing that BCE should contribute its share of tangible benefits to the growth of the broadcasting system, which would amount to about $300 million. BCE has said that the benefits contributed when they acquired CTVglobemedia assets in 2000 should exempt them from paying this time.
Friday, February 4, 2011
Assurances demanded in BCE takeover of CTV
Stakeholders in Canada's television industry voiced their concerns of BCE Inc.'s proposed takeover of CTV to the country's telecommunications regulator for a third day Thursday. Quebecor president and CEO Pierre Karl Peladeau (pictured) is not opposed to the $1.3-billion deal, but stressed at the CRTC hearing that BCE should contribute its share of tangible benefits to the growth of the broadcasting system, which would amount to about $300 million. BCE has said that the benefits contributed when they acquired CTVglobemedia assets in 2000 should exempt them from paying this time.
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