COMMENTARY: Don't expect a quick closing; TV Policy Review comes before BGM-CHUM approval

"REGULATORY APPROVAL" are the two stock words every media sale announcement made in Canada has attached to it. As in: "Agreement XYZ will close after the required regulatory approval." Wednesday's big buy is no different as it will have to pass under the Competition Bureau's and CRTC's magnifying glasses, smudged and cracked as they appear to be sometimes. In the official release, Bell Globemedia and CTV CEO Ivan Fecan said: "With regulatory approval, we intend to serve Canadian audiences with both CTV and Citytv stations."This time, though, that particular sentence means regulatory approval will only be able to come if...