Broadcasting Decision CRTC 2005-15
Broadcasting Decision CRTC 2005-15 Ottawa, 21 January 2005 Astral Media Radio inc. and 591991 B.C. Ltd., a wholly owned subsidiary of Corus Entertainment Inc., Amqui, Drummondville, Rimouski, Saint-Jean-Iberville, Montréal, Québec, Gatineau, Saguenay, Trois-Rivières, Sherbrooke, Lévis, Quebec Applications 2004-0279-3, 2004-0302-2, 2004-0280-1 Public Hearing in the National Capital Region 7 September 2004 Exchange of radio assets in Quebec between Astral Media Radio inc. and Corus Entertainment Inc. The Commission approves the applications by Astral Media Radio inc. (Astral) and 591991 B.C. Ltd., a wholly owned subsidiary of Corus Entertainment Inc. (hereinafter referred to as Corus), for authority to acquire several radio undertakings in Quebec as part of an exchange of assets, subject to the terms and conditions set out in this decision. The Commission is of the view that the concerns identified in this decision will be offset by the benefits of an approval subject to the terms and conditions set out herein. Astral and Corus have 30 days to confirm they will complete the transaction according to the terms and conditions herein. A list of the stations included in the exchange, as well as the conditions of licence to which each station will be subject, is appended to this decision. Background 1. In Transfer of control of 3903206 Canada Inc., of Telemedia Radio Atlantic Inc. and of 50% of Radiomedia Inc. to Astral Radio Inc., Broadcasting Decision CRTC 2002-90, 19 April 2002 (Decision 2002-90), the Commission approved applications by Astral Media inc. (Astral Media) for authority to acquire the effective control of 3903206 Canada Inc., of Telemedia Radio Atlantic Inc.
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