From the Financial Post:
- Artistic community backs CTV’s CHUM takeover
The artistic community tried to rally Tuesday behind the CTV Inc. takeover of CHUM Ltd., telling CRTC officials that CTV is the only player committed to fostering and nurturing Canadian talent. Nevertheless, the chairman of the Canadian Radio-television and Telecommunications Commission, Konrad von Finckenstein, appeared unmoved.
But, from Bloomberg later:
- Canadian Regulator to Reject Calls to Block Chum Deal
Canada’s broadcasting regulator will reject calls to bar CTVglobemedia Inc. from taking over rival Chum Ltd. because the agency will ensure the company produces enough Canadian shows to meet standards.