CRTC: Bell, Telus To Face Grilling Over Media Ownership
CRTC opens the second day of hearings this morning into the ownership of TV channels and other media properties by the major broadcasters and telecommunications companies. The federal broadcast regulator will hear from Bell Canada and Telus, the country's two biggest phone companies. Bell's corporate parent BCE bought the rest of the CTV television network that it didn't already own for $1.3 billion earlier this year. At the time the company said it bought the assets to prevent competitors such as Rogers (TSX:RCI.B) and Quebecor Inc. (TSX:QBR.B) from dominating content ownership in Canada. Rogers told the regulator Monday that it believed there should not be exclusive deals for content on wireless devices when it came to the distribution of shows that are broadcast on television. Telus, which does not own any major media assets, has said preferential or exclusive programming rights should not permitted in Canada.