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Cable / Telecom News April 18, 2013 13 years ago

COMMENTARY: There’s no “fix” available to the feds on the wireless file

WHEN ASKED ABOUT how the reports that Wind, Mobilicity and Public Mobile are all looking for a way out of the wireless business in Canada, Industry Minister Christian Paradis told reporters in a conference call on Monday: “I still remain confident we can achieve our goal,” of having four wireless players in each region of Canada. Mr. Minister, you are the only one with that confidence. As we have noted before, the Canadian wireless market right now, has as many players as it will ever have and in all… Continue Reading

Cable / Telecom News April 17, 2013 13 years ago

Bell-Astral II: Companies fire back at critics

MONTREAL – In a joint announcement about their response to interventions filed with the CRTC about the proposed Bell-Astral merger, BCE and Astral Media dismissed the complaints of their competitors. Bell and Astral downplayed the concerns of its competitors, describing them as “large vertically integrated corporations” that compete directly with Bell, who contend that the merged company, if approved, would control too much of the market. In its release, Bell Media says that the two companies are merely “eager to inject fresh ideas, significant new investment, and more competition into Canadian media, especially in Québec.” Continue Reading

Cable / Telecom News April 16, 2013 13 years ago

Northwestel suspends fibre rollout, files a Review and Vary with Commission

YELLOWKNIFE and GATINEAU – If the CRTC doesn’t change its mind on the wholesale rates Northwestel can charge its clients providing competing telecom services on its network, the company won’t be building out any more fibre, according to its CEO. In an interview with Cartt.ca on Friday, Northwestel CEO Paul Flaherty said that the CRTC’s February 25th decision on the telco’s wholesale connect service set rates far too low, making it uneconomical to continue any of its fibre deployment program. The company has filed a Review and Vary with the Commission, asking the CRTC to rethink… Continue Reading

Radio / Television News April 15, 2013 13 years ago

New ultra HD specialty Bulb TV set to bloom

TORONTO – The first North American TV channel to transmit via a 4K HDTV pixel feed has been launched in Toronto. Bulb TV founder Evan Kosiner Bulb TV, founded by Evan Kosiner, is a Canadian Category B licensed TV service approved by the CRTC last May, and will feature content focusing on innovation and ideas. It has no MSO carriage deals in place as yet.

Radio / Television News April 12, 2013 13 years ago

Double-digit drop in Q2 revenue at Corus

TORONTO – With double digit losses in both revenue and profits for its second quarter of 2013, Corus Entertainment described its financial results for this period as “soft.” The company reported a 10.7% decrease in total revenue for the quarter ended Feb. 28 of $183.7 million, down $205.7 million for the same period a year earlier. Revenue dropped in both radio and TV segments, with Corus executives attributing part of the 12% decrease in TV revenue in Q2 FY 2013 to decreased advertising from its childrens programming. “Virtually all of that was related to the… Continue Reading

Radio / Television News April 11, 2013 13 years ago

NAB 2013: That’s so random! Stuff we saw and heard (Pelmorex, Ross, 8K, Verizon CEO, OpenText)

LAS VEGAS – It’s a big, big show and we can’t see or hear everything, nor turn everything into a full-sized story, so what you’ll see below is the good stuff we shook out of our notebook on the day before the 2013 NAB Show closes. ******************** AS BIG AS THE NAB Show and the broadcasting industry is in the United States, investment banker Josh Stinehour of Silverwood Partners put the industry in a bit better perspective during a session on the strategy and valuation of the media business by comparing it to another huge Las Vegas show held just… Continue Reading

Cable / Telecom News April 11, 2013 13 years ago

Astral reports 66th consecutive quarter of profitable growth

MONTREAL – Astral Media’s financial results for Q2 2013, released today, indicate the company saw a 2% increase in revenues, as well as continued growth in net earnings, EBITDA, and cash flow from operations. In the second quarter, consolidated net earnings totalled $41.2 million, an 8% increase over the $38.2 million recorded last year for the same period. That amount does not include any transaction costs related to the Bell-Astral merger, which remains subject to CRTC approval. EBITDA, or earnings before interest, taxes, depreciation and amortization, grew 5% to $69.4 million from $66.0 million for the same period… Continue Reading

Radio / Television News April 9, 2013 13 years ago

Bell/Astral II: Competitors say merged company will be too big, is already abusing its power

GATINEAU – There's no Say No To Bell campaign this time around, but most of Bell's major competitors have again told the CRTC they are strongly against the takeover of Astral Media by BCE, even with the new promises to divest English-language TV assets. Quebecor, Rogers and Telus all said they were against the deal in submissions sent to the Commission on Friday, the deadline for interventions in the new application for change of ownership. Quebecor Media, which owns the Vidéotron cable provider and broadcaster TVA, "asks the Commission to categorically refuse the approval of the revised application," saying it would… Continue Reading

Cable / Telecom News April 8, 2013 13 years ago

Cogeco wants Bell-Astral II killed, too

MONTREAL – Cogeco Cable is urging the CRTC to reject BCE’s $3.38 billion bid to purchase Astral Media, and is asking to appear at the Commission’s public hearing scheduled to begin on May 6, 2013 in Montreal. In a press release issued today, the company cited concerns over competition and TV and radio ownership concentration, the same concerns it raised in its submission filed last October with the Commission. Cogeco says approval of the Bell-Astral deal would “give BCE unprecedented market power that could not be constrained through regulatory safeguards, whether administered by… Continue Reading

Radio / Television News April 8, 2013 13 years ago

PIAC, other consumer groups speak out against Bell-Astral II

OTTAWA – Five Canadian consumer and public interest groups say that Bell and Astral’s new proposed merger is not in the public interest and should be denied. The Public Interest Advocacy Centre (PIAC), who also acts as counsel for the Consumers’ Association of Canada (CAC), Council of Senior Citizens’ Organization of British Columbia (COSCO), National Pensioners and Senior Citizens Federation (NPSCF) and Option consommateurs (OC) filed comments with the CRTC on Friday opposing the proposed acquisition of Astral Media Inc. by Bell Canada, a division of BCE Inc. “Increased media concentration into the hands of… Continue Reading

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