Quebecor asks CRTC to deny Bell Media's acquisition of Quebec's network V

Monday 2 December 2019 | 11:58 CET | News

Quebecor has asked the Canadian Radio-television and Telecommunications Commission (CRTC) to deny Bell Media’sacquisition of network V and its digital assets. Quebecor said the acquisition will create a new media monopoly with damaging repercussions on the advertising market, the price of content and for the general quality of French-language television in Quebec. 

“Why does Bell want to acquire V now, after selling it in 2008? Clearly, Bell wants to rebuild its monopoly and achieve dominance in the television industry, and more broadly the media sector in Canada.(…) By weakening the other industry players, this acquisition will undermine the quality of information and diversity of voices that are the foundation of a healthy democracy,” Quebecor CEO Pierre Karl Peladeau said. 

Quebecor noted that with V, Bell will control 42 percent of total advertising revenues in Canada and over 48 percent of the advertising revenues of Canada’s private conventional television stations.

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Categories: Broadcast & Satellite / Internet
Companies: Bell Canada / Bell Media / CRTC / Quebecor
Countries: Canada
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