CRTC foreign ownership decision puts Canadian media at risk, says Council of Canadians
Source : Canada NewsWire
December 21, 2007
The Council of Canadians is deeply disappointed with the CRTC's decision yesterday to allow the purchase of Alliance Atlantis by broadcaster CanWest Global, which grants U.S. investment bank Goldman Sachs nearly two-thirds ownership of two of Canada's largest media companies, and which could pave the way for more foreign ownership of Canadian media.
"We're very disappointed with the Commission's ruling," says Garry Neil, a Council of Canadians board member and cultural policy expert. "This decision opens the door to significantly increased foreign ownership of Canadian broadcasting and cable companies that over the years have been able to grow because of supportive government policies and measures."
As the Council stated in its November 16 presentation to the CRTC, foreign companies with significant control of Canadian broadcasters, cable companies or other firms involved in Canada's broadcasting system would have access to the provisions of Chapter 11 of the North American Free Trade Agreement, which would allow them to sue governments and seek compensation for other cultural policies or actions that limit their investors rights under NAFTA.
"Foreign ownership restrictions are critical to maintaining appropriate regulations in our broadcasting system," said the Council in its submission. "In turn, such regulations are essential to ensuring that the private sector players have appropriate responsibility for achieving the objectives of the Broadcasting Act, including editorial diversity and bringing Canadian stories and artists to our television screens. All of this is essential for our democracy, our culture and maintaining our sovereignty."
© Canada NewsWire
"We're very disappointed with the Commission's ruling," says Garry Neil, a Council of Canadians board member and cultural policy expert. "This decision opens the door to significantly increased foreign ownership of Canadian broadcasting and cable companies that over the years have been able to grow because of supportive government policies and measures."
As the Council stated in its November 16 presentation to the CRTC, foreign companies with significant control of Canadian broadcasters, cable companies or other firms involved in Canada's broadcasting system would have access to the provisions of Chapter 11 of the North American Free Trade Agreement, which would allow them to sue governments and seek compensation for other cultural policies or actions that limit their investors rights under NAFTA.
"Foreign ownership restrictions are critical to maintaining appropriate regulations in our broadcasting system," said the Council in its submission. "In turn, such regulations are essential to ensuring that the private sector players have appropriate responsibility for achieving the objectives of the Broadcasting Act, including editorial diversity and bringing Canadian stories and artists to our television screens. All of this is essential for our democracy, our culture and maintaining our sovereignty."
© Canada NewsWire
Related Documents:
December 5, 2007 - News Release - National security & cultural sovereignty trump foreign ownership of Canadian media - Keep it Canadian
Poll results show that most voters believe broadcasting and communications are too important to national security and cultural sovereignty to allow foreign control of Canadian media companies.
December 5, 2007 - Opinion Poll - National security & cultural sovereignty trump foreign ownership of Canadian media - Keep it Canadian
Poll results show that most voters believe broadcasting and communications are too important to national security and cultural sovereignty to allow foreign control of Canadian media companies.
Poll results show that most voters believe broadcasting and communications are too important to national security and cultural sovereignty to allow foreign control of Canadian media companies.
December 5, 2007 - Opinion Poll - National security & cultural sovereignty trump foreign ownership of Canadian media - Keep it Canadian
Poll results show that most voters believe broadcasting and communications are too important to national security and cultural sovereignty to allow foreign control of Canadian media companies.
