It’s a good time to be a great Canadian telecom

BCE Inc. released its first quarter results on May 5 with “better than expected” results, wrote Jérôme Dubreuil, financial analyst at Desjardins Securities, in his report. Profits were up 36% year over year or $934 million.

Rogers Communications reported a strong first quarter with total revenue of $3.6 billion, up 4% from the first quarter of 2021. – Clarrie Feinstein, Toronto Star

Heritage minister preaches internet regulation at cultural summit

At the National Arts Center in Ottawa on Tuesday, May 3, the Minister of Canadian Heritage, Pablo Rodriguez, made a startling revelation: he applied for the position.

In his keynote address to a three-day national cultural summit, Rodriguez said after the last election he asked Prime Minister Justin Trudeau to hand him over to Heritage, the portfolio he held briefly in 2018. -2019. He must have known that whoever ran Heritage would have to deal with several controversial pieces of legislation intended to regulate the internet, but he signed on for the delicate assignment nonetheless. –Kate Taylor, The Globe and Mail

Quebecor Invited by Rogers to Join Shaw’s Freedom Mobile Auction

Bankers representing telecommunications giant Rogers Communications Inc. have contacted bankers working for Quebecor Inc. about the potential purchase of Freedom Mobile from Shaw Communications Inc., a source said.

The Globe is not identifying the source as the person is not authorized to speak publicly about the case. – Alexandra Posadzki and Andrew Willis, The Globe and Mail

Competition Bureau opposes Rogers-Shaw merger

Canada’s competition commissioner intends to block Rogers Communications Inc.’s proposed $26 billion merger with Shaw Communications Inc., the companies said in a statement released early Saturday.

The telecom giants said they were made aware of the commissioner’s plan to file a petition with the Competition Tribunal seeking to block the deal after markets closed on Friday.

They said they would oppose the request while “continuing to engage constructively with the Competition Bureau to resolve this matter.” – Radio-Canada News

As Ottawa chews Rogers-Shaw deal, investors should prepare for delay in upcoming 5G auction

Any postponement of the 3800 MHz auction, if it were to materialize, would disrupt telecommunications, widen the gap between the business community and the Prime Minister’s Office, and cause Canada to fall further behind in its 5G rollout.

Although Innovation, Science and Economic Development Canada (ISED) unveiled its timetable for the 3800 MHz auction just a few months ago, the timelines are only suggestions to Ottawa. This is why deferred spectrum auctions have become the Canadian method.

Even though we have reduced the government’s wiggle room for delaying last year’s 3500 MHz auction by six months due to the COVID-19 pandemic, Canada has long lagged among OECD countries with respect to spectrum allocation. – Evan Bühler, The Canadian Press

TikTok announces two-day Canadian summit in June

TikTok is hosting its very first “For You” Summit in Canada next month, with Canadian creators and advertisers invited to come experience the latest ideas and trends, in person, at a real, real-life meetup event. –Andrew Hutchinson, social media today

Al Jazeera Condemns Israel’s Killing of Shireen Abu Akleh

Here’s what the Qatar-based media network had to say: “In a flagrant murder, violating international laws and standards, Israeli occupation forces murdered in cold blood Al Jazeera correspondent in Palestine, Shireen Abu Akleh, targeting her with live ammunition early this morning. , Wednesday, May 11, 2022, in the line of duty as a journalist, clearly wearing a press jacket that identifies him as a journalist, covering the Israeli occupation forces’ storming of the Jenin refugee camp in the West Bank . – AlJazeera

Dying is easy, but it’s far from over to listen to the radio

Our data shows that radio listening — even among Techsurvey’s mostly radio sample — is slowly eroding, along with those once-important images for discovering new music that brought teens to the medium in droves. Now they are on Spotify, TikTok and YouTube.

Meanwhile, as your friends here at Jacobs Media predicted, the car has become a battleground as the radio shares its primary position as an end cap in the dash with SiriusXM and smartphone apps. Enough to make you want to watch Art Vuolo’s videos from the good old days. -Fred Jacobs

But don’t do it right away. The good news is that this “radio thing” is still a very desirable medium that isn’t going away anytime soon. Repositioned, yes? But down for the count? Not even close.

Podcasting now accounts for 10% of iHeart’s revenue

That’s what CEO Bob Pittman said on iHeartMedia’s earnings call last week, as the company announced an overall revenue increase of just under 20% to $843 million. . Pittman said podcasting revenue jumped 79% from 2021 to $69 million. – Radio Ink

Elon Musk and Twitter hit with shareholder lawsuit over delaying $44 billion takeover

In a lawsuit filed Friday in Delaware Chancery Court, the Orlando police pension fund said that under Delaware law, Mr. Musk cannot complete the takeover until at least 2025 unless the holders of two-thirds of the shares not owned by him approve it, according to Reuters. .

the court case said Mr Musk became an “interested shareholder” after taking a more than 9% stake on Twitter, which required a delay. – Megan Sheets, Reuters

UK’s new rules for Big Tech could lead to ‘tempting fines’

A newly created Digital Markets Unit, sitting within the country’s competition regulator, will have the power to curb big tech and impose fines of up to 10% of global annual turnover. For the biggest tech companies, fines could easily run into the tens of millions of dollars, especially since the regulator will have the power to add an additional 5% to the penalty for each day a violation continues.

The UK is far from alone in trying to ensure that the biggest names in tech do not abuse their power in ways that are detrimental to users. – Katie Collins CNET

Meta opens its first store. Here’s what’s inside

The 1,550 square foot space on Meta’s campus in Burlingame, Calif., underscores that Meta is taking the creation of consumer hardware increasingly seriously. The company is following a path of opening physical stores that Apple has made a success. Google and Samsung are also trying the approach, as are other companies. – Queenie Wong CNET

TikTok is on track to triple its ad revenue to $11.6 billion this year – surpassing Twitter and Snap combined

Driven by growth in engagement and business activity, TikTok’s advertising revenue is expected to triple from $3.88 billion in 2021 to $11.64 billion this year, a whopping 200% increase , according to eMarketer forecasts. This makes the advertising business of the ByteDance-owned app larger than that of Twitter ($5.58 billion) and Snap ($4.86 billion). And by 2024, analysts expect TikTok’s advertising business to double again to $23.58 billion, with more than half of that revenue coming from the United States, allowing it to to catch up with YouTube’s $23.65 billion in ad revenue. – Antoinette Siu, The envelope