said by JoePro:Not sure how altruistic you would call this though,
This just in: Bell is a for-profit business!
Can it act both altruistically and in self-interest? YES.
The tangible benefits package and why CBC opposes it
CRTC policy dictates that when broadcast assets are purchased, a percentage of that purchase price (six per cent for radio, 10 per cent for television) be added on to create a "tangible benefits" package, a plan of spending on funds or projects that benefit the broadcasting system as a whole. Much of that money would be spent on new Canadian programming, which pleases independent producers.
But Bell's proposal also included some more controversial plans for its benefits package. The largest is a $40-million investment into the Northwestel network to allow it to bring broadband service to Canada's north. But Northwestel is a Bell subsidiary, and the CRTC has already mandated it to improve its network, so Bell's competitors blasted this plan as self-serving.
The plan also includes $3.5 million in spending for the Bell Let's Talk campaign for mental illness. Though no one can complain about a charity program, competitors said this was an inappropriate use of benefits funds because it's not a broadcasting venture.
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