Peladeau calls Bell a ‘public danger’ at CRTC hearing over Groupe V acquisition
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Hey there, time traveller!
This article was published 12/02/2020 (2061 days ago), so information in it may no longer be current.
MONTREAL – The president and chief executive officer of Quebecor Inc. described Bell Inc. as a “public danger” and “multi-tentacled octopus” at a CRTC hearing Wednesday.
Pierre Karl Peladeau testified before Canadian Radio-television and Telecommunications Commission which is considering Bell Media’s potential acquisition of Groupe V Media’s conventional TV network and Noovo video-on-demand service for an undisclosed price.
Peladeau accused its rival of being “so dominant that it is no longer controllable.”
In the morning, Bell agreed before the CRTC not to close any of the regional V stations in Quebec, if it is authorized to acquire the group.
Although it operates telecommunications, radio, TV and digital services, Bell does not have a general TV channel in French in the country.
It therefore rejected Quebecor’s opposition to the transaction in which it argues that Bell would become too large.
“I don’t think Bell Media is the one dominating,” replied Karine Moses, president of Bell Media Quebec, pointing to market share.
She said V represents “what we lack to compete with the two big players” of the French-speaking market, namely Radio-Canada and TVA.
Bell also made a point of reassuring the CRTC by saying it did not intend to broadcast translated American TV series on V.
The Quebec market is unique in the country because what is popular are Quebec shows, not American series, Moses added.
This report by The Canadian Press was first published Feb. 12, 2020.
Companies in this story: (TSX:BCE, TSX:QBR.B)