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Cassaday on satellite radio: "We're good listeners"

TORONTO - Corus Entertainment CEO John Cassaday said yesterday that while the company has done much talking and research into satellite radio, no decisions have been reached.

Cassaday, whose company owns 50 Canadian radio stations, told a conference call with financial analysts that he has had discussions with American satellite radio companies XM and Sirius, as well as Canadian entrepreneur John Bitove, who has submitted an application to the CRTC for a satellite radio license, in partnership with XM.

"We can't afford to not be mindful of new technologies," said Cassaday yesterday. "The options we face is trying to block satellite radio from coming to Canada; two, to participate with satellite radio in Canada; or three, stand by and watch it unfold. Most radio broadcasters (in the States) chose door three."

But for Corus' interests? "We're very good listeners," said a non-committal Cassaday.

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