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Broadcasting Decision CRTC 2005-524
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Ottawa, 21 October 2005 |
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CHUM Limited and 1640576 Ontario
Inc., partners in a
general partnership carrying on business as Pulse 24 Partnership
Across Canada |
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Application 2005-0425-0
Public Hearing in the National Capital Region
15 August 2005 |
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Acquisition of assets – corporate reorganization
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1. |
The Commission approves the
acquisition of the assets of the English-language specialty programming
undertaking known as CablePulse 24 (CP24) by CHUM Limited (CHUM) and
1640576 Ontario Inc. (1640576), partners in a general partnership
carrying on business as Pulse 24 Partnership (Pulse 24), from the
current partners, CHUM and 3661458 Canada Inc. (3661458). CHUM and
1640576 also requested a broadcasting licence to be issued to the new
partners to continue the operation of CP24. |
2. |
Following this transaction, CHUM and
1640576 will be the partners in Pulse 24. CHUM will hold a 99.99%
interest in the general partnership and will continue to exercise
effective control of CP24. 1640576 will hold the remaining 0.01%
interest in the general partnership. |
3. |
The Commission did not receive any
interventions in connection with this application. |
4. |
Upon surrender of the current licence
issued to CHUM and 3661458 for CP 24, the Commission will issue a new
licence to CHUM Limited and 1640576 Ontario Inc., partners in a general
partnership carrying on business as Pulse 24 Partnership. The new
licence will expire 31 August 2010, the current expiry date, and will be
subject to the terms and conditions in effect under the current
licence. |
5. |
Because this licensee is subject to the
Employment Equity Act and files reports concerning employment equity
with the Department of Human Resources and Skills Development,
its employment equity practices are not examined by the Commission. |
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Secretary General |
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This decision is to be appended to the
licence. It is available in alternative format upon request, and may
also be examined in PDF format or in
HTML at the following Internet site: http://www.crtc.gc.ca |