CRTC approves Rogers takeover of Shaw Communications – with some conditions attached [Toronto Globe and Mail (Ontario, Canada)]
BCE, Inc. (BCE)
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Source: Toronto Globe and Mail
Canada’s telecom regulator has approved Rogers Communications Inc.’s takeover of Shaw Communications Inc.’s broadcasting services with some conditions attached. The conditions set out by the Canadian Radio-television and Telecommunications Commission include that Rogers must pay $27.2-million in tangible benefits, with 80 per cent going toward the Canada Media Fund, the Independent Local News Fund and other specified funds. The decision also states that Rogers must air 48 prime time local news specials each year and must report to the CRTC on its progress regarding the company’s commitments to increase the number of journalists it employs and create an Indigenous news team. John Lawford, executive director of the Public Interest Advocacy Centre, an Ottawa-based consumer advocacy group, called the decision disappointing. “Shaw customers should get set for higher TV and internet prices, and a ‘forced march’ to Rogers’ Ignite TV platform,” Mr. Lawford said in a statement. Shaw’s broadcas
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