Groupe V’s purchase of MusiquePlus, MusiMax approved

OTTAWA – V Media Group received CRTC approval Thursday to proceed with its purchase of French-language music channels MusiquePlus and MusiMax from Bell Media.The Commission said that the transaction, as modified in this decision, is in the public interest and contributes to fulfilling the objectives of the Broadcasting Act as it will foster competition in the French-language market and ensure the continued availability of a major showcase for Canadian musical talent. It revised the value of the deal to $22.87 million.The decision also approved, subject to certain modifications, an application to amend certain conditions of licence relating to the programming...