0
Broadband

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.



Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

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

Add comment

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.