ARCHIVED - Decision CRTC 96-84
This page has been archived on the Web
Information identified as archived on the Web is for reference, research or recordkeeping purposes. Archived Decisions, Notices and Orders (DNOs) remain in effect except to the extent they are amended or reversed by the Commission, a court, or the government. The text of archived information has not been altered or updated after the date of archiving. Changes to DNOs are published as “dashes” to the original DNO number. Web pages that are archived on the Web are not subject to the Government of Canada Web Standards. As per the Communications Policy of the Government of Canada, you can request alternate formats by contacting us.
Decision |
|
Ottawa, 22 March 1996
|
|
Decision CRTC 96-84
|
|
Pioneer Cablevision Ltd.
|
|
Agassiz, Harrison Hot Springs and area, British Columbia - 952482800
|
|
Transfer of control
|
|
Following Public Notice CRTC 1996-4 dated 8 January 1996, the Commission approves the application for authority to transfer effective control of Pioneer Cablevision Ltd., licensee of the cable distribution undertaking serving the above-noted localities, through the transfer of all of its issued and outstanding common shares (100) from Michael McKay to Rogers Cablesystems Limited (Rogers).
|
|
The purchase price for the shares is $4.1 million. 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.
|
|
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.
|
|
The Commission has assessed the total benefits package, including tangible quantifiable benefits amounting to $345,000 and, in general, is satisfied that it is significant and unequivocal, and that approval of this application is in the public interest.
|
|
The Commission expects Rogers to ensure that the commitments identified as benefits are implemented in accordance with the application.
|
|
The Commission notes Rogers' undertaking that the costs associated with these commitments will not be part of any future rate increase.
|
|
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 licensee to consider employment equity issues in its hiring practices and in all other aspects of its management of human resources.
|
|
The Commission acknowledges the interventions received in opposition to this application and is satisfied with the licensee's replies thereto.
|
|
This decision is to be appended to the licence.
|
|
Secretary General
Allan J. Darling |
|
|
- Date modified: