In fact, what "was acquired" was a company mostly owned by Providence Equity. In July 2002, CC3 had announced "that a majority interest in the company was acquired by Providence Partners, a private investment firm specializing in equity investments in media and communications around the world" while "(a) minority interest in the company was purchased by senior members of CC3. Terms of the transaction were not disclosed. Don McKenzie will remain president and CEO of CC3 and will be joined on the company's Board of Directors by Al Dobron and Peter Wilde of Providence Equity Partners." - Source
Although the transaction appears square and above-board, it is not absolutely clear whether Transcontinental acquired CC3/Providence Equity Partners Inc. or - and that's crucial - vice versa. According to various press releases, it would appear that Transcontinental initiated the acquisition, but that does not sound plausible given the acquisition mania of Providence.
Providence Equity Partners Inc. is one of the world's leading private investment firms specializing in equity investments in media and communications companies. The principals of Providence Equity manage funds with over $9 billion in equity commitments and have invested in more than 70 companies operating in over 20 countries since the firm's inception in 1991. Current and previous areas of investment include cable television content and distribution, wireless and wireline telephony, publishing, radio and television broadcasting and other media and communications sectors. Significant investments include VoiceStream Wireless, Warner Music Group, AT&T Canada, eircom plc, Casema, Kabel Deutschland, Language Line, F&W Publications, ProSiebenSat.1, and Bresnan Broadband Holdings. The firm has offices in Providence, New York and London. Visit www.provequity.com for additional information. Source
It is headed by a Jonathan Nelson, aka "The Stealth Mogul". " 'My own mother doesn’t know what I do,' he only half-jokingly told the New York Times (September 14, 2003)". Now Providence Equity Partners Inc. often partners with The Carlyle Group in its acquisitions worldwide. How closely are those two mega-corporations related? Not known.
What is known is that my community paper and my publisac are owned by Transcontinental. If it turns out that in fact Transcontinental is really owned by Providence Equity Partners Inc. (and Carlyle?) then that is truly very very worrisome.
(P.S. This looks like just the tip of the iceberg. More research is required. Anybody here wants to lend a hand and help us learn more, please do so.)
Stumble It!
<br />
have a look at 'Hannity the Assclown' this is the Foxnews the Illuminati/Zionazi fascists want to shove down your throat Canada. <br />
<a href="http://homepage.mac.com/duffyb/nobush/iMovieTheater241.html">http://homepage.mac.com/duffyb/nobush/iMovieTheater241.html</a>
The people behind the Bilderbergers understand very well that if you control access to information you control public opinion. They are also well-aware that the great majority of people are too intellectually lazy to do anything other than read a daily newspaper and therefore have sought to buy up dailies and weeklies to limit news stories and editorial comment that reflect their point of view. This explains why books are still available exposing right wing neocon lies; look to them to start buying up some major book publishers next.
This can hardly be considered as faceless and it has gone far beyond being considered just a loose conspiracy as the vast amounts of wealth connected with the individuals of this organisation is likely behind all of these media takeovers.
We need something written into our constitution to guarantee an independent widely owned press/media, as it is just too important for democracy to preserve access to balanced news and editorial comment.
<br />