ARCHIVED - Decision CRTC 2000-5-1

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Decision CRTC 2000-5-1

See also: 2000-5

Ottawa, 25 February 2000

Radiomutuel inc.
Montréal, Gatineau, Shawinigan, Magog, Rouyn-Noranda, Val-d’Or, Trois-Rivières, Jonquière, Québec and Chicoutimi, Quebec
– 199909735
Correction to the English-language text of paragraph 6 of Decision CRTC 2000-5
The Commission corrects paragraph 6 of the English-language text of Decision CRTC 2000-5 to read as follows:

In accordance with the requirements of the benefits test outlined in Public Notice CRTC 1998-41 entitled Commercial Radio Policy 1998, the benefits proposed with respect to the radio sector represent the required minimum direct financial contribution to Canadian talent development of $4,795,000, or just over 6% of the $79,500,000 value of the transaction relating to radio stations. Astral will pay just over 3% of the value of the transaction to the new Canadian Music Marketing and Promotion Fund ($360,000 annually for seven years), 2.6% of the value of the transaction to MusicAction ($300,000 per year for seven years), and $175,000 to the École nationale de l’humour ($25,000 per year for seven years).

Secretary General

This decision is to be appended to the licence.
It is available in alternative format upon request, and may also be viewed at the following Internet site:
www.crtc.gc.ca

 

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