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Media Beat: February 23, 2023

By David Farrell

Google tests blocking news content for some Canadians in response to government bill C-18

The company said Wednesday that it is temporarily limiting access to news content for under four per cent of its Canadian users as it assesses possible responses to the bill. The change applies to its ubiquitous search engine as well as the Discover feature on Android devices, which carries news and sports stories. – The Canadian Press


CSIS found specific Chinese interference in Canada’s election. What happened next?

… the foreign interference wasn’t just comments, tweets or propaganda. There were breaches of the elections laws, including illegal cash contributions to candidates, having businesses hire international students who were assigned to full-time volunteering for a candidate, and illegally returning a portion of a donation so the donor was not out of pocket after claiming a tax credit. – Campbell Clark, The Globe and Mail

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Lawyers working on Rogers Shaw merger could nab bigger share of $100M-plus fee jackpot

… in a rare twist, the lawyers are expected to pocket more of the total fees than the bankers, who normally benefit the most from outsized transactions, sources say. The deal is among the biggest fee events in Canadian M&A history, and a source familiar with the situation told Reuters it would land banks involved with 5 per cent to 10 per cent of their annual investment banking fees. – Maiya Keidan & Divya Rajagopal, The Globe and Mail

Postmedia CEO 'not sure it's the right time' for local ownership of Montreal Gazette

 

 

Knives Out at the Montreal Gazette

Newsroom will lose 25 per cent of its staff and most of its photo department as signs point to a serious cash crunch at Postmedia. – Christopher Curtis, The Rover

Beyond the Rogers-Shaw deal: How, in public firms, the few hold power over the many

It is one of the great myths of the Canadian corporate and investing scene that shareholding is becoming more diffuse and, therefore, more Canadians now own more corporate stocks than ever before. In other words, whatever the competition challenges among the largest corporations, there is a steady move to opening up corporate power to everyday people and, as such, more competition for control. Democracy seems to be on the march.

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However, whatever the basic corporate ownership figures disclose on the surface, there is a reverse and contradictory process taking place beneath that surface. – Allan C. Hutchinson, The Globe and Mail

After going gray, Lisa LaFlamme found herself the focus of the story

… “The most comments I ever received were not for months in Baghdad or Afghanistan, or any story, but when I let my hair grow gray — bar none,” Ms. LaFlamme said. “And I will say this, 98 percent positive, except a couple of men and a woman — it’s funny that I can actually remember that — but they were summarily destroyed on social media because women do support women.” – Norimitsu Onishi, The New York Times

New policy requiring CRTC to improve telecom competition, lower rates comes into force

 

 

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Val Blavatnik
Courtesy WMG

Val Blavatnik

Business News

Val Blavatnik to Oversee Warner Music Canada in New Role at Warner Music Group

Blavatnik will oversee Warner Music Canada as managing director of Warner Music North America, U.K. and Corporate Development at WMG. As part of a slew of executive announcements, Simon Robson will be leaving the company, while Alejandro Duque takes the top international role.

Val Blavatnik, the 28-year-old son of Warner Music Group majority owner and vice chairman Len Blavatnik, has been named managing director of Warner Music North America, U.K. and Corporate Development at the Warner Music Group, the company announced Friday (Sept. 25). In his new role the younger Blavatnik, who has held several roles at the company in recent years, and has been a board member since 2023, expects to “unify and drive business and operational strategy across these markets while guiding the company’s investment strategy to support growth,” according to a press release.

The Blavatnik announcement is part of a flurry of new executive announcements that CEO Robert Kyncl made this morning. In addition, Atlantic Music Group chairman/CEO Elliot Grainge will take on ADA in the U.S. as its new chairman, while Alejandro Duque, who has held the dual roles of president of Warner Latin and president of ADA since last July, has been named president of Warner Music International, adding Asia-Pacific and Europe, the Middle East and Africa under his oversight. (Duque will continue to oversee ADA outside the U.S.) Zach Friedman, currently COO at Atlantic Music Group, will add the title of vice chair of ADA U.S. to his resume.

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