The Canadian media industry is not governed exclusively by free-market economics but rather through a combination of public and private enterprise. Apart from a limited number of
community broadcasters, media in Canada are primarily owned by a small number of companies:
Bell,
Corus,
Rogers,
Quebecor and the government-owned
Canadian Broadcasting Corporation. Each of these companies holds a diverse mix of over-the-air television, cable television, radio, newspaper, magazine, and/or internet operations. A few smaller media companies exist within the Canadian media landscape as well. In 2007,
CTVglobemedia,
Astral Media,
Quebecor,
Canwest Global, and Rogers all expanded significantly, through the acquisitions of
CHUM Limited,
Standard Broadcasting,
Osprey Media,
Alliance Atlantis, and
Citytv, respectively. In 2010,
Canwest was sold off and split between Shaw (now Corus) and
Postmedia Network due to financial troubles. Between 1990 and 2005, there were a number of media corporate mergers and takeovers in
Canada. While 17.3% of daily newspapers were independently owned in 1990, only 6% of daily newspapers were independently owned by 2017. These changes, among others, caused the Senate Standing Committee on Transport and Communications to launch a study of Canadian
news media in March 2003. (This topic had been examined twice in the past, by the Davey Commission (1970) and the
Kent Commission (1981), both of which produced recommendations that were never implemented in any meaningful way.) The Senate Committee’s final report, released in June 2006, expressed concern about the effects of the current levels of news media ownership in Canada. Specifically, the Committee discussed their concerns regarding the following trends: the potential of media ownership concentration to limit news diversity and reduce news quality, the
Canadian Radio-television and Telecommunications Commission (CRTC) and Competition Bureau’s ineffectiveness at stopping media ownership concentration, the lack of federal funding for the CBC and the broadcaster’s uncertain mandate and role, diminishing employment standards for journalists (including decreased job security, less journalistic freedom and new contractual threats to intellectual property), a lack of Canadian training and research institutes and difficulties with the federal government’s support for print media and the absence of funding for the internet-based news media. The report provided 40 recommendations and 10 suggestions (for areas outside of federal government jurisdiction), including legislation amendments that would trigger automatic reviews of a proposed media merger if certain thresholds are reached and CRTC regulation revisions to ensure that access to the broadcasting system is encouraged and that a diversity of news and information programming is available through these services. ==Role within small markets==