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GATINEAU, Que. - The Competition Bureau says Bell Media must sell 669 advertising displays in Ontario and Quebec as a condition of its $410-million acquisition of outdoor advertising company Outfront Media Inc.'s Canadian operations.
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Jun 19, 2024 · The agreement addresses competition concerns related to both companies' outdoor advertising services through their billboards and transit display inventories in Ontario and Quebec. The Bureau’s investigation determined that the merger was likely to significantly reduce competition in Québec City, Trois-Rivières, Sherbrooke, the Greater Montréal Area, and the Greater Toronto Area.
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Jun 11, 2024 · The Competition Bureau says Bell Media must sell nearly 700 advertising displays in Ontario and Quebec as a condition of its $410-million acquisition of outdoor advertising company Outfront Media Inc.’s Canadian operations. The watchdog’s ruling Monday comes as the BCE Inc. subsidiary announced the deal’s closure. First announced last October, Bell had agreed to take […]
Jun 11, 2024 · Those barriers include strict by-laws and lengthy permitting processes for outdoor advertising providers. As part of this agreement, Bell must sell a total of 669 advertising displays, including certain digital displays, across the five markets. In designing the remedy, the Bureau considered the differences across Bell and Outedge’s outdoor ...
Oct 23, 2023 · New York and Toronto, October 23, 2023 — OUTFRONT Media Inc. (NYSE: OUT) and Bell Media announced today that they have entered into an agreement to sell the Canadian business of OUTFRONT Media to Bell Media, a wholly-owned subsidiary of BCE (TSX, NYSE: BCE). The purchase price is C$410 million in cash, subject to certain adjustments and a holdback.
