Cable / Telecom News

CRTC streamlines tangible benefits, transaction evaluation process


OTTAWA – The CRTC has moved to simplify its approach to tangible benefits and determining the value of broadcast transactions.The Commission said Friday that to ensure that future tangible benefits for television transactions are streamlined and directed mainly to the production of Canadian programming, it will generally require that at least 80% of such benefits be allocated to the Canada Media Fund (CMF) or various certified independent production funds, unless a compelling case is made that other measures could better meet the public interest.  Of this amount, at least 60% shall be directed to the CMF.  It also included a list...