U.S. Markets closed

Canadian Supreme Court rules against broadcasters in value-for-signal case

The Supreme Court of Canada overturned a decision that the Canadian Radio‑television and Telecommunications Commission is allowed to adopt a policy establishing a market‑based, value for signal regulatory regime. The policy would empower private local television stations, or broadcasters, to negotiate direct compensation for retransmission of signals by cable and satellite companies, or broadcasting distribution undertakings--BDUs, as well as right to prohibit BDUs from retransmitting those signals if negotiations unsuccessful. The decision is viewed as a loss for BCE Inc. (BCE) and a win for TELUS (TU), Rogers Communications (RCI) and Shaw Communications (SJR).