Decision CRTC 2001-566
Ottawa, 4 September 2001
Ms. Charlotte Bell
Vice President Regulatory Affairs
Global Television Network Inc.
81 Barber Green Road
Toronto, ON
M3C 2A2
Dear Ms. Bell:
Re: Application No. 200108458 - Approved
Change of ownership: A change modifying the proposed structure of "Xtreme Sports", a new category 2 specialty television service, from a corporation to be incorporated to "3926958 General Partnership", involving Global Television Network Inc. and 3926958 Canada Limited
The Commission approves the above-noted application for authority to effect a modification from a corporation to be incorporated to "3926958 General Partnership", whereby Global Television Network Inc. (GTNI) and 3926958 Canada Limited will become the partners and licensees of the new category 2 specialty television service to be known as "Xtreme Sports" (formerly proposed to be called "Extreme Sports").
The Commission notes that in its Decision 2000-566 (dated December 14, 2000), it awarded a category 2 digital specialty service to Global Television Network Inc. (GTNI), on behalf of a corporation to be incorporated. The ownership structure was subsequently modified to a general partnership (3926958 General Partnership) consisting of GTNI (with 99.99% of the interests) and a subsidiary of GTNI, 3926958 Canada Limited (with 0.01% of the interests). Effective control will remain in the hands of GTNI.
The Commission will modify its ownership records to reflect the partnership interests held by GTNI and 3926958 Canada Limited in "Xtreme Sports", as shown in the attached appendix.
All letters of approval issued by the Commission are made available for public examination at the Commission's central office. The Commission also requires you to append this letter to your licence.
Yours sincerely,
Ursula Menke
Secretary General
Appendix
3926958 GENERAL PARTNERSHIP ("Xtreme Sports")
Partners
|
% Voting Interests held
|
Global Television Network Inc. (GTNI)
|
99.99%
|
3926958 Canada Limited
|
0.01%
|
3926958 Canada Limited
Name
|
Class
|
# held
|
% vote
|
Global Television Network Inc.
|
Common
|
1
|
100%
|
Date Modified: 2001-09-10
|