In a letter to the Canadian broadcasting regulator, Quebecor vice-president Peggy Tabet said if the commission wants to preserve Corus’ assets for the Canadian broadcasting system, it should favour a takeover bid by someone with knowledge of the industry. (The Logic)

Talking point: Quebecor, under CEO Pierre Karl Péladeau, has long had designs on adding Corus to its suite of media and telecom properties. But Corus, which owns several Canadian TV channels and runs 36 radio stations, has asked the CRTC to consider a restructuring plan that would see some of its lenders forgive roughly $500 million in debt in exchange for 99 per cent ownership of a newly created parent company. The company said the transaction is necessary to deal with its high debt load and stabilize its finances. Corus reported a $36.5 million net loss in its third-quarter earnings Friday. In her letter to the CRTC, Tabet said Quebecor has expressed its interest in acquiring the company, but Corus hasn’t followed through. She wants the regulator to hold a public hearing on the matter.