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MUMBAI:
The Canadian Radio-television and Telecommunications Commission
(CRTC) has approved CanWest MediaWorks’ (CanWest) acquisition
of the broadcasting channels owned by Alliance Atlantis Broadcasting
(Alliance Assets).
CRTC
chairman Konrad von Finckenstein says, "We are satisfied
that this transaction meets the requirements for Canadian
control both in law and fact.
"In
examining the application, we wanted to be certain that this
transaction is consistent with the policies set out in the
Broadcasting Act and beneficial to the Canadian broadcasting
system as a whole."
Before
it can approve any transaction, the Commission must determine
whether a broadcasting company will be owned and controlled
by Canadians.
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