Decision
|
Ottawa, 21 March 1984 |
Decision CRTC 84-281 |
Huron Broadcasting Limited |
Sault Ste. Marie, Elliot Lake, Espanola, Blind River and Wawa, Ontario - 832940100 - 832946800 - 832947600 - 832948400 - 832949200 - 832950000 - 832951800 - 832953400 - 832952600 |
Following a Public Hearing in Hull, Quebec on 14 February 1984, the Canadian Radio-television and Telecommunications Commission announces that it approves the applications for authority to transfer effective control of Huron Broadcasting Limited (Huron), licensee of CJIC-TV, CKCY-TV, CJQM-FM, CKCY Sault Ste. Marie, CKNR Elliot Lake, CKNS Espanola, CJNR Blind River, CJWA Wawa, and of the broadcasting receiving undertaking serving Sault Ste. Marie, through the transfer of 1,000 common shares (16.7%) from each of J.S. Hinds, J.O. Hinds and P.D. Edwards to Soo Mill Holdings Limited, the transfer of 1,000 common shares from C.P. Greco and 400 common shares from G.E. Nori (16.7% and 6.7% respectively) to James R. McAuley Investments Inc. and the transfer of 600 common shares (10.0%) from G.E. Nori to James F. Kelleher (in trust for a company to be incorporated), Patrick J. Mahon and Joseph Anthony Martella. |
As a result of these proposed share transfers, Huron will be owned as follows: |
Shareholders/ Common Shares/ % Vote Actionnaires Actions ordinaires % du droit de vote |
Soo Mill Holdings Limited 3,000 50.0
James R. McAuley Investments Inc. 1,400 23.3
W.A. Elgie 1,000 16.7
F. KelLeher, OBCI/au nom d'une 350 5.8 compagnie devant être constituée
Patrick J. Mahon 125 2.1
Anthony Martella 125 2.1 6,000 100.0 |
Soo Mill Holdings Limited is owned by three trusts, each having an equal interest and having as its beneficiary one of three brothers, Fremlin Simpson Hollingsworth, Edward Hollingsworth and Ian Woolner Hollingsworth, all of whom are residents of Sault Ste. Marie. |
James R. McAuley Investments Inc. is effectively controlled by James R. McAuley of Sault Ste. Marie. |
The Commission notes the statement made by the applicant that Huron will be controlled by a seven-member Board of Directors and that no single shareholder will be in a position to exercise control through the election of a majority of the members. |
The Commission considers that approval of these applications will result in a substantial increase in the amount of local ownership in Huron from 50 to 100 per cent. |
The Commission notes the applicant's plans to expand local and national news coverage on CJIC-TV and CKCY-TV by introducing 30-minute newscasts at noon Monday to Friday and 15-minute newscasts at 11:30 p.m. Saturday and Sunday, in addition to the five-minute newscasts currently offered on these stations Monday to Friday at 5:00 p.m. Moreover, the applicant stated it would increase local programming on CKNS Espanola by four hours daily. |
J.G. Patenaude Secretary General |
|
|