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Media Beat: September 30, 2021

By David Farrell

CRTC seeks information from public on Rogers-Shaw deal

The regulator on Tuesday asked market participants and Canadians to come forth with information that could assist the regulator's probe on whether the deal will reduce or prevent competition.


The Competition Bureau said its review was ongoing and no conclusions have been made. – Reuters

Canada Media Fund invests close to $50M in 112 audiovisual projects

The Canada Media Fund (CMF) today announced it is investing $49.3M in the development and production of 112 Canadian audiovisual projects. These projects will receive funding through seven different CMF programs.

This includes the support we’re providing through the inaugural round of the Pilot Program for Racialized Communities.

The CMF will provide $10.4M in funding to support the production of 20 projects by racialized creators hailing from British Columbia, Manitoba, Ontario, and Quebec. A total of 13 projects are in English and seven in French. Click here to access a list of projects that received funding through the Pilot Program for Racialized Communities. – CMF press release

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Ben Mulroney leaving CTV morning show to develop scripted, unscripted projects

Ben Mulroney, co-host of CTV's "Your Morning," is leaving the national news program after a 20-year career with the broadcaster.

Mulroney says he wants to focus on a new career developing scripted and unscripted projects. Friday will be his last day.

 

 

Don't buy the hogwash about the release of Kovrig and Spavor

The words make for a very snappy headline, but there is a very specific reason why “prisoner swap” is an unhelpful way to report last Friday’s departure of Chinese celebrity heiress Meng Wanzhou aboard an Air China flight from Vancouver to Shenzhen and the simultaneous flight of a Royal Canadian Air Force Challenger jet carrying Michael Kovrig and Michael Spavor from Beijing to Calgary.

It’s unhelpful because it’s not true, and the sooner everybody stops trafficking in this melodramatic concoction, the better it will be for Canadians to have an honest public conversation about what this whole saga has revealed, and how Canada might ensure it doesn’t end up defenceless against Beijing’s gangster-state extortion operations ever again. – Terry Glavin, Maclean’s

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The alleged deceit behind Ozy Media’s public meltdown

Lies, deceit, impersonations...the story of Ozy Media sounds like it’s straight out of daytime TV. On Sunday, the New York Times released an investigation into Ozy’s sketchy business practices, and the fallout has been postnuclear.

What that report revealed: On a phone call in February between executives at Ozy and Goldman Sachs—which was at the time considering a $40 million investment into the company—Ozy cofounder and COO Samir Rao impersonated a YouTube exec in order to tout Ozy’s success on the platform.

Ozy’s response: Cofounder Carlos Watson confirmed the NYT’s story, adding that Rao was going through a mental health crisis at the time. Even if that’s true, according to Bloomberg's Matt Levine, it would not excuse Ozy from having committed fraud. – Jamie Wilde, Morning Brew

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Business News

Ontario Raises Maximum Penalty for Illegal Ticket Resale to $25,000

Ontario Premier Doug Ford calls the move a "massive win" for fans in Ontario, after imposing a ban on the resale of tickets above face value in April.

The Ontario government is once again cracking down on the ticket resale market.

The Ford government has announced that it will be raising the maximum penalty for reselling tickets above face value from $10,000 to $25,000, more than doubling the fine. The change is meant to discourage businesses and individuals from violating recent legislation in the province that caps ticket resale at face value and will take effect on June 10, just ahead of the FIFA World Cup's arrival in Toronto.

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