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| August 6, 2002 |
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Media Convergence and Canadian Ownership:
CIBC/Chamber Weekly CEO/Business Leader Poll by COMPAS in the Financial Post |
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Canada’s CEOs and business leaders perceive the convergence problems associated with AOL and Vivendi above all as rooted in the inherent problems of mergers in general and poor corporate management. Neither accounting scandals nor general problems in the economy are seen by many as root causes for the problems encountered by these convergence behemoths.
On the matter of media ownership, the archetypal viewpoint is that broadcasting and newspaper companies need to be at least 51% Canadian-owned but not 100% Canadian-owned. Opinion is divided about allowing foreign investors to establish and operate new broadcasting or newspaper properties in settings now characterized by local monopoly. These are the key findings from the current web-survey of CEOs and other business leaders conducted by COMPAS on behalf of the National Post under sponsorship of the Canadian Chamber of Commerce and CIBC. |
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