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ARCHIVED - Broadcasting Decision CRTC 2003-58

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Broadcasting Decision CRTC 2003-58

Ottawa, 20 February 2003

Bea-Ver Communications Inc.
Chatham, Ontario

Application 2002-0947-0

Change in ownership

1.

The Commission received an application by Bea-Ver Communications Inc. (Bea-Ver) for authority to effect a change in its ownership through changes in its shareholders.

2.

Bea-Ver is the licensee of the radio programming undertakings CFCO, CKSY-FM and CKUE-FM Chatham, Ontario. 814130 Ontario Inc. (814130) holds 46.67% of the ownership interest in Bea-Ver. Currently, the ownership interest of 814130 is held 49.70% by the estate of H. Bruhlman, 33.73% by Carl Veroba and 16.57% by Robert Dietrich.

3.

Mr. Veroba proposed to transfer his 33.73% direct ownership interest in 814130 to his personal holding company, 1541748 Ontario Inc. (1541748). Mr. Dietrich proposed to transfer his 16.57% direct ownership interest in 814130 to his personal holding company, 2015152 Ontario Inc. (2015152).

4.

Following these proposed transfers, 33.73% of the ownership interest in 814130 would be held by Mr. Veroba's holding company, 1541748, and 16.57% would be held by Mr. Dietrich's holding company, 2015152. The estate of H. Bruhlman would continue to hold 49.70% of the ownership interest in 814130. For its part, 814130 would continue to hold 46.67% of the ownership interest in Bea-Ver.

5.

The Commission approves the application by Bea-Ver for authority to effect a change in its ownership through shareholder changes in 814130.

6.

The Commission will modify its ownership records accordingly.

Secretary General

This decision is to be appended to the licence. It is available in alternative format upon request, and may also be examined at the following Internet site: www.crtc.gc.ca

Date Modified: 2003-02-20

Date modified: