ARCHIVED - Decision CRTC 95-147
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Ottawa, 7 April 1995
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Decision CRTC 95-147
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Télécâble des Mille-Îles Inc.
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Terrebonne, Mascouche, Lachenaie and Part of Saint-Louis de Terrebonne, Quebec - 941505000
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Transfer of control
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Following Public Notice CRTC 1995-17 dated 6 February 1995, the Commission approves the application for authority to transfer effective control of Télécâble des Mille-Îles Inc., licensee of the cable distribution undertaking serving the above-noted localities, through the transfer of all the issued and outstanding shares to CFCF Inc. or to one of its wholly-owned subsidiaries.
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CFCF Inc. is a diversified Canadian communications firm. It is the licensee of the English-language television station CFCF-TV Montréal, and also operates the French-language television network Quatre-Saisons (TQS), which covers the province of Quebec. CFCF Inc. also owns two subsidiaries involved in production: Productions Champlain Inc. and Conseillers Vidéo R.S. Ltée. CFCF Inc. also owns cable distribution undertakings serving approximately 394,200 subscribers in Quebec and Ontario.
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The purchase price for the shares is $35,500,000. Based on the evidence filed with the application, the Commission has no concerns with respect to the availability or the adequacy of the required financing.2
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Because the Commission does not solicit competing applications for authority to transfer effective control of broadcasting undertakings, the onus is on the applicant to demonstrate to the Commission that the application filed is the best possible proposal under the circumstances, taking into account the Commission's general concerns with respect to transactions of this nature. As a first test, the applicant must demonstrate that the proposed transfer will yield significant and unequivocal benefits to the community served by the broadcasting undertaking and to the Canadian broadcasting system as a whole, and that it is in the public interest.
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The Commission has assessed the total benefits package, including quantifiable benefits amounting to $3,121,243 and, in general, it is satisfied that it is significant and unequivocal, and that approval of this application is in the public interest.
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The Commission considers the buyer's undertaking that the costs associated with the benefits package noted in this decision will not form part of any fee filing under subsections 18(6) and 18(8) of the Cable Television Regulations, 1986 to be an important element of this application.
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In Public Notice CRTC 1992-59 the Commission announced implementation of its employment equity policy. It advised licensees that, at the time of licence renewal or upon considering applications for authority to transfer ownership or control, it would review with applicants their practices and plans to ensure equitable employment. In keeping with the Commission's policy, it encourages the applicant to consider employment equity issues in its hiring practices and in all other aspects of its management of human resources.
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Allan J. Darling
Secretary General |
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