Cogeco Cable Inc. today responded with mixed disappointment to the CRTC’s decision to approve the application by Astral Media Inc. (“Astral”) for authority to transfer its effective control, and control of its licensed broadcasting subsidiaries, to BCE Inc. (“BCE”) and to complete related corporate reorganizations.
“While disappointed, we accept and respect the decision,” said Louis Audet, President & CEO of Cogeco Cable Inc. “We view positively that a number of new safeguards have been introduced along with this decision. We are confident that if all the safeguards are actively implemented and strictly enforced in a timely manner and with tight supervision, the interests of Canadian consumers could be effectively protected and the Canadian broadcasting market could remain workably competitive,” concluded Mr. Audet.
