Thursday, April 5, 2012

On the other hand

BCE Inc. solidified its status as Canada's biggest owner of mass media assets by purchasing Astral Media Inc., in March, for $3.38 billion. Bell Canada Enterprises ranks with Quebecor Inc., Rogers Communications Inc. and Shaw Communications Inc. among the dominant forces in Canadian mass media. 

Mergers and acquisitions seldom boost employment; in fact they have the opposite effect. But they do boost CEO salaries, which trickle down to some of the finest resorts, yacht clubs and jewellery shops in the world. 

> The article above was written by Barry Weisleder.

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