Newsletter

 

For a Free Quote...

Latest Blog Posts

Telnet Networks News

Telnet Networks News - We'll keep you up to date with what's happening in the industry.
1 minute reading time (272 words)

CRTC approves broadcasting elements of Rogers-Shaw merger

The Canadian Radio-television and Telecommunications Commission (CRTC) has approved Rogers' acquisition of Shaw's broadcasting services, subject to a number of conditions and modifications. The CRTC has also set out several safeguards to ensure that the transaction benefits Canadians and the Canadian broadcasting system. As part of this transaction, Rogers is acquiring 16 cable services based in Western Canada, a national satellite television service and other broadcast and television services. The CRTC's approval only deals with the broadcasting elements of the transaction under the Broadcasting Act. The wider Rogers-Shaw merger deal – agreed in March 2021 – must still gain approvals from Innovation, Science and Economic Development Canada (ISED) under the Radiocommunication Act and the Competition Bureau under the Competition Act.

The CRTC has also required Rogers to pay five times more in benefits to the broadcasting system than it had originally proposed. As a result, Rogers will contribute CAD27.2 million (USD21.7 million) to various initiatives and funds, including those that support the production of content by Indigenous producers and members of equity-seeking groups. Benefits will be directed to the Canada Media Fund, the Independent Local News Fund, the Broadcasting Accessibility Fund and the Broadcasting Participation Fund, among others. Rogers must also report annually on its commitments to increase its support for local news, while the CRTC is imposing safeguards to ensure independent programming services are not placed at a disadvantage when negotiating with Rogers. For instance, Rogers must distribute at least 45 independent English and French-language services on each of its cable and satellite services.

Thanks to TeleGeography for this industry update.

×
Stay Informed

When you subscribe to the blog, we will send you an e-mail when there are new updates on the site so you wouldn't miss them.

Telus offers ZTE Connect-Hub 5G home internet devi...
Xplornet joins Freedom Mobile takeover negotiation...
 

Comments

No comments made yet. Be the first to submit a comment
Thursday, 26 December 2024

Captcha Image

Contact Us

Address:

Telnet Networks Inc.
4145 North Service Rd. Suite 200
Burlington, ON  L7L 6A3
Canada

Phone:

(800) 561-4019

Fax:

613-498-0075

For More Information about Telnet Networks, our products, or our services, or to request a quote please feel free to contact us directly.