They should hang a sign up at the 487 prime real estate locations of the state-run CBC broadcast centers across Canada today: Your tax dollars at work buying up private citizen-owned businesses so that the state can expand its grasp over Canada in pursuit of the utopian socialist state!
(Hat tip: Don R.)
Oh I know—that’s alarmist and exaggerating. Just because the state-run media is buying private media companies to expand its grasp over Canada in pursuit of the utopian socialist state doesn’t mean I have to talk about it. That ain’t liberal!
Did the socialists of the NDP win the last election? Are Canadians even minutely attuned to the growth of socialist state-run media activity in the true north strong and free? Does nobody care?
Hello? Is this thing on?
Corus strikes deal to divest 53% stake in The Documentary Channel to CBC
Canadian Press – Thursday May 11, 2006
TORONTO (CP) – Radio and TV company Corus Entertainment Inc. (TSX:CJR.NV.B) said Thursday it has inked a deal to divest its 53 per cent stake in The Documentary Channel to CBC, which currently owns nearly a third of the digital TV service.
The deal will give the national public broadcaster majority control of the service, which is currently available in about 950,000 Canadian homes. CBC currently holds 29 per cent of the documentary channel, with the National Film Board of Canada and four production companies also hold minority stakes.
“This is excellent news for CBC/Radio-Canada,” CBC president and CEO Robert Rabinovitch said in a release after stock markets closed Thursday.
“Documentary programming is a core part of our mandate as a public broadcaster and this agreement provides CBC/Radio-Canada with an opportunity to further enhance the profile and access to documentary programming in Canada at a time when audience interest in the genre is growing exponentially.”
The Documentary Channel was launched in September 2001 as part of the first group of newly licensed digital channels available in Canada.
The transaction remains subject to the approval of the Canadian Radio-television and Telecommunications Commission.
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