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Senator Criticizes Rogers-Shaw Merger, Blames Competition Commissioner

Independent Canadian senator Colin Deacon has criticized today's approval of the Rogers-Shaw merger, saying that the conditions and penalties imposed on the deal would not be necessary if Canada's Competition Act did not favour oligopolies. He argues that the Competition Commissioner in Canada lacks the same powers as their counterparts in other G7 countries, which...

More Zellers Stores Opening April 4 in BC, Quebec and More

Zellers has announced more store openings outside its initial launch in Ontario and Alberta earlier this month, as OG Zeddy’s cross-country comeback continues. New store openings in British Columbia, Manitoba, Nova Scotia, Quebec, and Saskatchewan are set to debut on April 4, located within Hudson’s Bay retail locations, said the company on Friday. Again, it's...

Rogers Now Expects 26-30% Increase in Service Revenues with Shaw Secured

Rogers has updated its 2023 financial guidance ranges to reflect its expected acquisition of Shaw which was overwhelmingly approved by the federal government on Friday morning. The company said on Friday morning that its total service revenue is expected to increase by 26% to 30%, while adjusted Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA)...

Rogers-Shaw Merger Approved by Minister, Decision Blasted by Critics

Minister of Innovation, Science and Industry, François-Philippe Champagne, Minister of Innovation, Science and Industry, announced on Friday morning he has approved the Rogers-Shaw merger, to nobody’s surprise. “Today, I am informing Canadians that I have secured on their behalf unprecedent and legally binding commitments from Rogers and Videotron. And, after imposing strict conditions, the spectrum...
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MPs Reject Key Amendment to Protect User Content in Bill C-11

Consumer advocate and non-profit organization OpenMedia reported late Thursday that the House of Commons had passed several amendments to Bill C-11, the Online Streaming Act. However, Members of Parliament (MPs) rejected a crucial amendment that would have protected Canadian Internet users. Amendment 3, proposed for Section 4.2 of Bill C-11, aimed to narrow the bill's...

Rogers-Shaw Merger Decision to Be Announced by Feds on Friday

The Globe and Mail reports that Innovation, Science and Economic Development (ISED) Minister François-Philippe Champagne is set to announce his decision regarding Rogers' $20-billion acquisition of Shaw on Friday morning. Two unidentified sources claim the announcement is related to the minister's review of the takeover, set to take place tomorrow at 8:30 am EDT. ISED...

E3 2023 Gaming Expo Cancelled: Future of the Event in Question

The Electronic Entertainment Expo (E3) 2023 has been cancelled, both in its physical and digital formats, according to an announcement on the E3 website. The statement by show organizer ReedPop and the Entertainment Software Association (ESA) reveals that they will re-evaluate the future of E3. IGN initially reported the cancellation after obtaining confirmation from two...

Apple Wins Patent Appeal, Potentially Averting $502 Million Payout to VirnetX

The U.S. Court of Appeals for the Federal Circuit upheld a decision by the U.S. Patent and Trademark Office (USPTO) on Thursday, which invalidated two patents that patent licensing company VirnetX had accused Apple of infringing. This ruling could potentially save Apple from paying a $502 million verdict to VirnetX, stemming from a 13-year-long legal...