Friday, August 29, 2008

Fatuous Gasbag Gets Knuckles Slapped

WELL, THIS IS SOMETHING, at least:

Regulators have slapped Shaw Communications Inc. [SJR.B-T] with one of their strictest penalties possible, short of revoking its licence, by placing Canada's second-largest cable company on probation for flouting federal rules.

The Canadian Radio-television and Telecommunications Commission took the unusual step Thursday of only renewing Shaw's operating licences for two years, well short of the standard seven-year term most companies are afforded, following recent clashes with the cable operator.

The CRTC can't level fines like the FCC can, so this is about all they can do.

Don't you feel better? Have a good weekend.

3 comments:

Cunningham said...

Is that like "double secret probation?"

Dwight Williams said...

Double unsecret probation.

Buried as it was in the sidebar of the entertainment sections of the Ottawa daily papers, I noticed it as well.

ME said...

It is as good as a fine ... know how much work and manpowers and outside legal they need every hearings? Oh yeah, and it is a colossal pain in the patootie.