CRTC decision in the public interest, says Canada's largest media union

CRTC decision in the public interest, says Canada's largest media union 
OTTAWA, Oct. 18, 2012 /CNW/ - The CRTC's well-reasoned decision to deny Bell's 
application to acquire Astral addressed concerns of Canadians and canadian 
consumers about the scope and impact of this transaction , says the country's 
largest media union, the Communications, Energy and Paperworkers Union of 
Canada. 
The Commission said that approving «this transaction is not in the public 
interest.» It noted intervenors' concern that «none of the $241.3 million in 
tangible benefits would be directed toward existing or new local programming 
for any of the local television and radio stations» that Bell would have 
bought. 
CEP highlighted these points when it appeared at the CRTC's September public 
hearing. 
Among other things, Bell claims it could extract millions of dollars of 
«synergies» from buying Astral without explaining how it would achieve 
these savings. 
«CEP set out its concern that these so-called synergies actually meant more 
job losses in a sector that has been hard hit in the last decade,» said 
Peter Murdoch CEP's Vice-President, Media. 
«Bell proposed to devote millions of dollars to independant productions; 
CEP expects that as one of the country's largest media companies, Bell will 
continue to invest in Canadian programming.» 
«Going forward,» Murdoch said, «CEP expects the CRTC will apply the 
same rigour and analytical criteria it did in this decision to the next 
application filed regarding the Astral assets.» 
Peter Murdoch, (905) 516-5720 
SOURCE: COMMUNICATIONS, ENERGY AND PAPERWORKERS UNION OF CANADA 
To view this news release in HTML formatting, please use the following URL: 
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CO: COMMUNICATIONS, ENERGY AND PAPERWORKERS UNION OF CANADA
ST: Ontario
NI: LABOR INTERNET LAW VERDICTS LAWVIEWS MNA  
-0- Oct/18/2012 21:26 GMT
 
 
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