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Decision CRTC 2001-488
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This decision has been replaced by Decision CRTC 2001-514
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Ottawa, 13 August 2001
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3224503 Canada inc.
Drummondville, Quebec 2001-0405-0
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3145069 Canada inc.
Saint-Hyacinthe, Quebec 2001-0404 -2
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Applications processed by Public Notice CRTC 2001-64 dated 5 June
2001
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Transfer of control
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1. |
The Commission approves the applications for authority to
transfer the effective control of 3224503 Canada inc., licensee of
CHRD-FM Drummondville, and of 3145069 Canada inc., licensee of CFEI-FM
Saint-Hyacinthe, through the transfer of all the issued and
outstanding shares held by the two licensees to Astral Radio Group
Inc. (Astral Radio). |
2. |
The applicants did not propose any tangible benefits. The
Commission notes that CHRD-FM and CFEI-FM have been unprofitable
over the three years preceding filing of these applications. In
accordance with its Commercial Radio Policy 1998 (Public
Notice CRTC 1998-41), the Commission will forego benefit
requirements for these stations. The Commission notes the important
benefit associated with this transaction, that being the maintenance
of CHRD-FM and CFEI-FM as viable, local radio services. |
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Ownership concentration
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3. |
One of the concerns raised by these applications was their
potential impact on the level of radio ownership concentration in
Quebec, particularly in communities along the geographic corridor
extending from Hull to Québec, via Montréal, and north to
Chicoutimi. Astral Radio currently owns 12 radio stations in
Quebec that are in either a dominant or leading position in the
above corridor, where 65% of Quebec's population resides. |
4. |
The Commission examined these applications in the light of the
ownership provisions of the Commercial Radio Policy. The Commission
concluded that the applications are consistent with the relevant
policy provisions, and that approval will not significantly increase
the concentration of radio ownership in Quebec. |
5. |
The Commission also took into account that fact that Astral Radio
is an experienced broadcaster with considerable financial resources.
Astral Radio can, therefore, ensure that CHRD-FM and CFEI-FM remain
viable over the long term as well as maintain and improve the
service provided by these stations to the residents of Drummondville
and Saint-Hyacinthe. Accordingly, the Commission considers that
approval of these applications is in the public interest.
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6. |
In approving these applications, the Commission has also taken
into consideration the fact that it did not receive any
interventions or comments from the general public or from other
broadcasters operating in the markets concerned.
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Related CRTC document |
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• Public Notice 1998-41 – Commercial radio policy, 1998
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Secretary General
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This decision is to be appended to each licence. It is available
in alternative format upon request, and may also be examined at the
following Internet site: http://www.crtc.gc.ca
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