Competition Bureau Will Not Challenge Postmedia's Acquisition of Sun Media
(firmenpresse) - OTTAWA, ONTARIO -- (Marketwired) -- 03/25/15 -- Competition Bureau
Following an extensive 5-month review of Postmedia's proposed acquisition of Sun Media's English-language media assets (including print newspapers and digital properties), the Competition Bureau has concluded that the proposed transaction is unlikely to substantially lessen or prevent competition.
As a result of its review, the Bureau will not, at this time, oppose the proposed transaction due to a combination of factors that will ensure continued competition, such as:
During its review, the Bureau conducted consultations with a broad range of market contacts and made use of a range of analytical tools.
As such, the Bureau has issued a No Action Letter confirming that it will not challenge the proposed transaction before the Competition Tribunal under the merger provisions of the Competition Act.
A position statement will be available shortly on the Bureau's website,
Quick Facts
Quote
"Given the importance to Canadians of competitive media markets, the Bureau conducted an extensive review of this merger. We found that advertisers and readers continue to value print newspapers, despite the growth of online sources as an alternative. However, our review concluded that there would not be significant anti-competitive effects for readers or advertisers arising from the proposed transaction. The Bureau is a strong advocate for competition, and will continue to ensure that Canadian media markets remain competitive and efficient." John Pecman, Commissioner of Competition
Associated links
October 6, 2014:
The Competition Bureau, as an independent law enforcement agency, ensures that Canadian businesses and consumers prosper in a competitive and innovative marketplace.
Contacts:
For media enquiries, please contact:
Media Relations
819-994-5945
For general enquiries, please contact:
Information Centre
Competition Bureau
819-997-4282 / Toll free: 1-800-348-5358
TTY (hearing impaired): 1-800-642-3844
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Unternehmensinformation / Kurzprofil:
Datum: 25.03.2015 - 13:48 Uhr
Sprache: Deutsch
News-ID 381037
Anzahl Zeichen: 0
contact information:
Town:
OTTAWA, ONTARIO
Kategorie:
Government & Administration
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