CRTC won't regulate new-media product

Regulatory intervention unnecessary, chairman says

TORONTO -- Canada's TV watchdog said Thursday that it will not regulate homegrown new-media product -- online TV, radio and mobile video -- on the Internet.

The Canadian Radio-television and Telecommunications Commission will instead continue an exemption for new-media product begun in 1999.

"While broadcasting in new media is growing in importance, we do not believe that regulatory intervention is necessary at this time," CRTC chairman Konrad von Finckenstein said in a ruling that follows recent public hearings on homegrown broadcast services delivered and accessed on the Internet.

The CRTC said it will keep its hands off new-media product to encourage innovation, but will revisit the issue within five years.