As first reported early last week by the Toronto Star, details have steadily been trickling out about plans for the new network, which Quebecor will only go as far as calling a "new investment in Canadian media."
Here is what is known:
- The "new investment" is a $100 MILLION joint venture between Quebecor Media Inc. and Sun Media Corp.
- Quebecor filed an application with the Canadian Radio-television and Telecommunications Commission earlier this month.
- Quebecor has named Kory Teneycke, the former chief spokesperson for Prime Minister Stephen Harper, vice-president of development. After leaving his post in the Prime Minister's Office last July, Teneycke briefly worked as a Conservative pundit for CBC television.
- Luc Lavoie, the former chief spokesperson for former Conservative Prime Minister Brian Mulroney, will also re-join Quebecor.
- Based on past statements by Teneycke, it is speculated that the new network would adopt a format and editorial style similar to that of the Fox News Channel in the United States. Teneycke has long called for a news network that would cater to a conservative-minded audience.
- CBC reporter Krista Erickson left her position today saying, in a memo to coworkers, that she was "leaving to pursue another opportunity." It is widely-speculated that she will be named to a top post in the new Quebecor network. Erickson is the girlfriend of Conservative MP for Calgary Centre Lee Richardson. She once got into trouble for feeding questions to a Liberal MP during committee hearings into the business relationship between Brian Mulroney and Karlheinz Schreiber.
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