CHUM "sad for Canada" with satellite radio decision; expects Cancon levels to be re-examined

TORONTO – CHUM Limited CEO Jay Switzer said yesterday that while conventional radio broadcasters will feel little immediate impact from the two satellite radio companies coming to market, the future repercussions he foresees makes him worry for the country. Switzer was part of a broadcast panel with Corus Entertainment CEO John Cassaday and Alliance Atlantis executive chairman Michael MacMillan at the BMO Nesbitt Burns Media and Telecom conference which concluded today in Toronto. When asked about the satellite radio decision, which CHUM and others vehemently protested but which federal cabinet decided late last week to let stand, Switzer said he...