Foreign Ownership Rules Seemingly Set Aside

Foreign Ownership Rules Seemingly Set Aside

Postby jon » Wed Jul 05, 2017 7:57 am

Given that SIRI [Siriux/XM U.S.] will effectively control ~93% of the equity of XSR [Sirius/XM Canada] (and most likely a
large portion of the new company's debt), and it will yield significant influence over the
operations of this Canadian broadcast licensee going forward, we wonder whether
the CRTC has set a precedent that could allow foreign takeovers of any Canadian
telecom, cable, and media companies.

That from TD Securities Inc. this morning.
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Re: Foreign Ownership Rules Seemingly Set Aside

Postby ThisIsNotCBC » Wed Jul 05, 2017 6:16 pm

As I remember, prior to Pierre Trudeau taking over as PM in 1968, a number of Canadian radio and TV stations were majority-owned by American interests, including RKO General (which owned CKLW Radio and TV in Windsor, prior to CKLW-TV becoming CBET under CBC ownership) and the Famous Players cinema chain (which owned a minority stake in our own CHAN-TV and was majority owner of CKCO in Kitchener and CFCM and CKMI in Quebec City).
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