ARCHIVED - Decision CRTC 2001-173
This page has been archived on the Web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 CRTC 2001-173 |
|
|
Ottawa, 14 March 2001 |
|
|
CTV Inc. |
|
|
26 February 2001 Public Hearing |
|
CTV corporate reorganization - approved |
|
|
1. |
The Commission has approved a series of applications by CTV Inc. on behalf of subsidiary licensees with the aim of effecting a multi-step corporate reorganization. The licensee has stated that the changes are for administrative purposes only. The Commission notes that this transaction represents an intra-corporate reorganization that does not alter the effective control of the licensee. The various steps and applications involved in the reorganization are described below. |
|
2. |
Application 2000-2366-4 by 1406236 Ontario Inc. (now known as Bell Globemedia Inc.) is approved. As a result of this approval, the control of CTV Inc. is transferred to 2000670 Ontario Limited (Holdco), a newly incorporated subsidiary of CTV Inc., by transferring all of the issued and outstanding shares of CTV Inc. to Holdco. |
|
3. |
Applications as set out in Appendix I to this decision, by 3844609 Canada Inc. (Newco) are approved. These approvals result in authority to acquire all of the assets of CTV Television Inc. Upon surrender of the current licence for each of the undertakings listed in Appendix 1, the Commission will issue a new licence to Newco, under the same terms and conditions as the current licence. This phase of the reorganization excludes CTV Television Inc.'s existing interests in CTV Sports Net Inc. (licensee of Sportsnet), 3216195 Canada Inc. (licensee of Sports/Specials DTH-PPV), and History Television Inc. (licensee of History Television). |
|
4. |
Applications by Holdco, as set out in Appendix II to this decision, are also approved. These approvals grant authority to transfer direct and indirect ownership interests that CTV Inc. currently owns, through a wind up of CTV Inc. into Holdco. These acquisitions affect the ownership of certain licensees and change the control of certain subsidiary licensees. |
|
5. |
Applications by Holdco, as set out in Appendix III to this decision, are approved. This final step grants the authority to transfer direct and indirect ownership interests that CTV Television Inc. and 1155638 Ontario Inc. currently own, through a wind up of both companies into Holdco. |
|
6. |
The Commission notes that the corporate reorganization also affects the ownership of certain category 2 digital specialty services authorized to the CTV Family Group. The list of these services is set out in Appendix IV to this decision. The Commission notes that a licence for a category 2 service will only be issued once each licensee has filed all of the incorporating and other related documents, clearly demonstrating that it is a qualified corporation as defined in the Direction to the CRTC (Ineligibility of non Canadians). The Commission notes that this corporate reorganization does not affect the ownership of these category 2 digital specialty services and that the licensee of each category 2 undertaking will confirm its ownership when it requests the issuance of its category 2 digital licence. |
|
7. |
The Commission notes that this licensee is subject to the Employment Equity Act that came into effect on 24 October 1996 and therefore files reports concerning employment equity with Human Resources Development Canada. |
|
Secretary General |
|
|
This decision is to be appended to each licence. |
|
Appendix I to Decision CRTC 2001-173 |
|
|
New licences will be issued to 3844609 Canada Inc. for the following undertakings currently licensed to CTV Television Inc.: |
|
|
CFTO-TV Toronto, ON (2001-0018-1) |
|
|
The above-noted television stations include any licensed transmitters. |
|
Appendix II to Decision CRTC 2001-173 |
|
|
3844609 Canada Inc. (Newco) Various undertakings (2001-0052-9) |
|
Appendix III to Decision CRTC 2001-173 |
|
|
1163030 Ontario Inc. (Outdoor Life) - National (2001-0060-3) |
|
Appendix IV to Decision CRTC 2001-173 |
|
|
Exploration Network |
- Date modified: