Cable / Telecom News

CRTC approves Bell’s CTV purchase

OTTAWA-GATINEAU – It’s official – the CRTC has given its stamp of approval for BCE to buy CTVglobemedia Inc.In an announcement late Monday afternoon, the Commission noted that the $3.2 billion transaction will improve access to local programming through the carriage of at least 43 additional conventional and community television stations on BCE’s satellite television service.“We are pleased that BCE has addressed our questions regarding how this transaction would contribute to the vitality of the Canadian broadcasting system,” said CRTC chair Konrad von Finckenstein, in a statement. “BCE will provide stability to the CTV Television Network. It will also invest...