RE:RE:RE:RE:RE:Vaulations So i looked on Similarweb to try and capture some independent news media saturation for the big 3 and Global is sitting on about 20%; being about half the size of cbc and ctv. Presumably this is in great part their lack of Quebec penetration. Roger's doesn't even get slotted into the media sector just their City TV arm which is negligible relative to the big 3.
anyway, using this approach looks more like an annual infusion of some $48 million - that should be conservative as it is applied against the $250m expected stream to their segment, as oppsed to being applied to the full $330m expected revenue streams.
Less than the first stab, but still an 80 cent plus share impact to npv calc's using a mid 3 multiple. Senate is beating their chest but C-11 went through pretty quickly.
Puma1back wrote: Even a simple search for impacts from Bill C-18 shows some serious numbers. I can see the reluctance of the media companies to have commented earlier given they are scrutinized daily by the Regulators, but the estimates are in the $250 million range. That is the top 4 broadcasters are expected to split this pool of new revenues. Within the conglomerate's of Bell & Roger's that may not be material , but $60 to $70 plus million for Corus is a pretty good injection, particularly as it isn't a one time transaction.
put that into a 3 times npv and Bill C-18 should be $1 per share step in valuation.
Broadcasters, including the publicly funded CBC, would get most of the $329-million a year the federal online news bill would inject into the news industry if it becomes law, according to a report by the Parliamentary Budget Officer (PBO).
Papers and the online news media would get less than a quarter of the funding pumped into journalism by tech giants Facebook and Google, the report says.
The analysis by the PBO, an independent body that provides economic and financial analysis to MPs and senators, concluded that newspapers and online media would get $81,550,000 a year, while broadcasters such as the CBC, Bell, Shaw and Rogers stand to get $247,677,000 if the bill becomes law.