MONTREAL — Canuck federal broadcast regulator the Canadian Radio-Television and Telecommunications Commission (CRTC) announced Friday that it is approving two important changes in ownership in the Montreal TV market: Quebecor’s takeover of the Quebec-wide Quatre Saisons network and Vancouver- based WIC Television’s acquisition of CFCF-TV in Montreal.
Both Quatre Saisons and CFCF were owned by the Groupe Videotron.
Following a public hearing in July, the CRTC gave the greenlight Friday to allow the Quebecor consortium — which includes Quebecor and minority shareholders Cancom, Cogeco, and the Quatre Saisons affiliates — to take control of the Quatre Saisons web. The Quebecor purchase of the network follows a CRTC decision last February that forced Montreal-based Groupe Videotron, which also owns the TVA network, to sell Quatre Saisons.
Quebecor is one of Canada’s leading publishers, with a range of newspapers and magazines, notably Montreal’s leading daily Le Journal de Montreal and Le Journal de Quebec in Quebec City.In a separate ruling, the CRTC also gave its seal of approval to the sale of CFCF-TV to WIC Television, stating that “the WIC group that owns stations across Canada will provide new exhibition windows to Quebec producers.”