It’s nice to see that media concentration in Canada is getting some attention from the political level. Arcane rules against foreign ownership make it very unlikely that anyone other than Canadian big business can buy an entity like Global. Bay Street is equally cautious, noting that Global is a high risk investment. Still, it’s only $65 million, which is chump change for a highly regulated monopoly. Here’s some advice to the new owners of Global TV: if you want to make money off this, why not put stuff on it that people actually want to watch? And that includes stuff happening locally.
Toronto Sun, Feb. 14 2010