LORINC: Toronto becomes RogersTown
Why the consolidation and integration of Toronto's sports teams, venues, and media platforms feels so incredibly wrong
By John LorincAmazingly and shockingly, after years of public hand-wringing in Canada about the inflationary consequences of over-concentrated sectors (banking, airlines, groceries, telecom), Rogers has scored a hole-in-one for monopolists everywhere by acquiring Larry Tanenbaum’s remaining slice of Maple Leaf Sports & Entertainment, for $4.35 billion. Consider for a moment: this company, whose ancestral roots trace to its cable TV monopoly, now owns all five of Toronto’s professional... Read more