01:34:01 EDT Fri 19 Apr 2024
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BCE Inc (2)
Symbol BCE
Shares Issued 898,770,871
Close 2019-04-18 C$ 60.81
Market Cap C$ 54,654,256,666
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Globe says Quebecor's Peladeau decries "broken" system

2019-04-18 08:33 ET - In the News

See In the News (C-QBR) Quebecor Inc

The Globe and Mail reports in its Thursday edition that Quebecor argues that the broadcast regulatory system is broken, while BCE argues the CRTC should enforce its own rules. The Globe's Susan Krashinsky writes that those were the duelling arguments at Wednesday's CRTC hearing after a dispute boiled over between the companies on the terms under which BCE's Bell TV carries Quebecor's TVA Sports channel. Decrying its unfair treatment by Bell, Quebecor yanked the signal for the French-language sports channel last Wednesday evening just in time for puck drop of the first game of the NHL playoffs. Quebecor said that its action was a result of stalled negotiations over the fee paid for the channel, as well as Bell's refusal to place TVA Sports in its most popular TV package, as it does with its own French-language sports channel, RDS. Quebecor chief executive Pierre Karl Peladeau argued that the dispute is not simply over business terms, but is a matter of survival for its channels and said that if the fees paid for specialty channels are not "rebalanced," they risk failing entirely. "We cannot continue suffering operational losses, sitting around and doing nothing," Mr. Peladeau said. "The broadcasting system is broken."

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