ARCHIVED - Broadcasting Decision CRTC 2002-261
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Broadcasting Decision CRTC 2002-261 |
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Ottawa, 30 August 2002 |
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Global Television Network Inc. and Global Communications Limited, partners in Global Television Network Quebec Limited Partnership |
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Application 2002-0354-7 |
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CKMI-TV Québec and its transmitters - Transfer of ownership |
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1. |
The Commission received an application from Global Television Network Inc. (GTNI), for approval to acquire the 49% interest held by the limited partner, TVA Regional Inc. (TVA Regional), in Global Television Network Quebec Limited Partnership (Global LP), authorized to operate CKMI-TV Québec, and for a broadcasting licence to continue the operation of the television programming undertaking CKMI-TV and its transmitters CKMI-TV-1 Montréal, and CKMI-TV-2 Sherbrooke. |
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2. |
Global LP consists of the partnership of Global Communications Limited (GCL), the general partner, holding 51% of the interests of the partnership, and of TVA Regional, currently the limited partner holding the remaining 49%. In accordance with the existing Limited Partnership Agreement between GCL and TVA Regional, GTNI is exercising its right to purchase the 49% interest from the limited partner. |
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3. |
The Commission notes that it did not receive any intervention in connection with this application, and that the proposed transaction would not alter the ultimate management of the television undertaking, as GCL retains its 51% interest in the partnership. |
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4. |
In light of the purchasing rights allowed by the agreement, and the fact that the transaction will not result in a change of the effective ownership and control of the assets of CKMI-TV and its transmitters, the Commission approves the application. |
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5. |
Upon surrender of the current licence issued to GCL and TVA Regional, and subject to the licensees filing a duly signed and executed copy of the Amended and Restated Partnership Agreement, the Commission will issue a licence to GCL and GTNI expiring 31 August 2008, the current licence expiry date. The licence will be subject to the terms and conditions of the current licence. |
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6. |
The Commission requires the licensees to inform the Commission of the date on which the transaction is completed as approved. |
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7. |
The Commission notes that, as part of this application, the applicant submitted an interim report related to the benefits package outlined in Acquisition of assets and licence amendments for CKMI-TV Québec - Approved, Decision CRTC 97-85, 27 February 1997. That decision approved an application by TVA Regional and GCL, partners in the TVA CanWest Limited Partnership, to acquire the assets of CKMI-TV Québec and its transmitters. The Commission expects the new licensees to file in 2004 a final report on the benefits package noted above, indicating the amounts of money expended, and complete information about programs that were broadcast and the scheduling of such programs. |
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8. |
Because these licensees are subject to the Employment Equity Act and file reports with Human Resources Development Canada, their employment equity practices are not examined by the Commission. |
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Secretary General | ||
This decision is to be appended to the licence. It is available in alternative format upon request, and may also be examined at the following Internet site: www.crtc.gc.ca |
Date Modified: 2002-08-30
- Date modified: