Competition Tribunal hearing shifts to potential cost savings generated by proposed Rogers-Shaw merger
… Rogers and Shaw are not publicly disclosing the dollar value of the efficiencies that they expect their merger to generate, although several witnesses have testified on behalf of the companies with regards to these calculations. That testimony has occurred largely out of the public eye, during confidential sessions, and documents relating to the expert testimony are heavily redacted. – Alexandra Posadzki, The Globe and Mail
… During the cross-examination of economics expert and witness Roger Ware during the hearing before the Competition Tribunal on the deal Wednesday, counsel for the Competition Bureau tried to make the case that if there are job losses resulting from the merger, there would ultimately be a reduction in tax revenue, noting the possibility of job cuts that is typical of mergers. – The Canadian Press
… Complaints about Bell Canada were down by 38 percent this year, the greatest decrease of all the providers and notable compared with the 25 percent average decline. Rogers received 15 percent fewer complaints since last year. Telus was the only company of the three that received more this year, with complaints increasing by 2.9 percent. – Irene Galea, The Globe and Mail
The radio station says it will implement, but hasn’t revealed, recommendations from the external investigation. – Omar Mosleh, Toronto Star
Fiscal 2022 Highlights
FX adjusted revenue increased by 1%; unadjusted revenue declined by 3%;
Renewal of Universal Music Group agreement with a 10% increase in annual fees;
Warner Music Group revenue grew by 48% in the USA; 30% worldwide;
Latin market development continues with a 64% increase in active users; the signing of the first pilot agreement.
Launched Play MPE®’s global distribution infrastructure in browser platform; development staffing moving to new product development.
During the year under a normal course issuer bid, the Company repurchased and cancelled 143,100 shares for a total cost of $0.179M. - Co. press releases
One of the great things about “Anti-Hero” by Taylor Swift is that it reclaimed this year’s Thanksgiving road trip on behalf of Top 40 radio. In recent years, the default radio station on car trips has become SiriusXM’s Triple-A The Spectrum. There is no tolerance in the car for anything noisy/sludgy. There is no patience for hitting the new station in any town just before the stopset and not hearing music. So the song by which I remember this road trip should have been I’m Just a Clown by Charley Crockett.
Instead, our four-hour Thanksgiving drives belonged to Anti-Hero. It was new and fresh enough to enjoy five times over the course of the weekend. It still gave that sense you rarely get from a car trip these days of a big hit emerging… Ross on Radio
We do it all the time: guess what other people are thinking. Especially those on the other side of a computer screen and the political divide. But are we often wrong? Are the flawed ways in which we think about other minds driving political polarization? If we increasingly think of other minds as unbending, immovable, and less thoughtful than our own, what effect does that have on democracy? Juliana Schroeder discusses her research on the psychology of how we read others' minds with Steve Paikin on TVO’s weeknight show, The Agenda.
… For more than a century, America has repeatedly intervened in Europe, including fighting two world wars and a cold war, to ensure no power or coalition of powers dominates the continent and hence, the world. It is not about to stop now.
In that way, Biden has seized the opportunity presented by Russia’s belligerence in Ukraine to restore America’s dwindling influence in Europe… – Marwan