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Policy
CRTC slaps limits on cross-media ownership
Private sector allowed one TV station, plus one daily paper or radio outlet per market. Market share limits also placed on mergers, sparking complaints from CAB
Protect culture, say unions
ACTRA and WGC call on Ottawa to put culture ahead of the market
Santa came early for CanWest
Just as Playback staff members were wrapping up for another annum – some with visions of sugarplums dancing in their heads – came word that the CRTC had approved the acquisition of Alliance Atlantis Communications’ specialty channels by CanWest Global and Goldman Sachs, with few additional requirements to be met.
Meet Goldman Sachs
When the CRTC gave the green light on Dec. 20 to the purchase of Alliance Atlantis Communications by CanWest Global Communications and New York-based investment firm GS Capital Partners, an affiliate of Goldman Sachs & Co., it was only the latest example in a buying spree of Canadian businesses involving foreign private-equity firms, with media companies prominent on their shopping lists.
Done deal: CanWest gets green light from Gatineau
OTTAWA-GATINEAU: The CRTC gave CanWest Global Communications an early Christmas present Dec. 20, finding no problems with the foreign investment at play in approving the broadcaster’s $2.3-billion acquisition of Alliance Atlantis Communications. But less than an hour after the CRTC released its decision, the unions were talking appeal.
Ontario upping tax credits to 35% for locals, 25% for Hollywood
Santa dropped in early for Ontario’s beleaguered film and TV production sector with news that Queen’s Park is to hike tax credits for foreign and local producers shooting in the province over the next three years.
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