More foreign ownership? Cassaday watching Globalive hearing; has thoughts on radio regs, too

Greg O’BrienMONTREAL – There will be more consolidation in our industry, Corus Entertainment CEO John Cassaday told a group of investors on Wednesday at CIBC’s Annual Eastern Institutional Investor Conference.When asked about the potential for more merger and acquisition activity, Cassaday said it’s just a matter of when. “We think there’s going to be considerably more consolidation in Canada on the distribution and programming side,” he explained.However, this is a small market – complete with foreign ownership restrictions – that largely tie M&A moves to the funds that can (or can’t) be raised in Canada. So, the Corus CEO said...