Morning Wire: And now the mornings top media business news according to us

Truck of money, not enough for Univision Univision rejected an offer from a group of investors yesterday saying that the offer was too low. That bid was at about $35.50 a share, or less that $11 billion. Univision asked the consortium to raise its offer, people involved said, but the group indicated early today that it was not prepared to do so. It did not, however, withdraw its initial offer. Canada's Senate can do neat tricks, like solve problems that don't exist The Canadian Senate must have a lot of time on their hands. After decades of mergers and acquisitions in the Canadian media industry some in the senate are calling for broader reviews of these mergers and how they affect the consumer. Canadian law does not specifically limit cross-ownership of newspapers and radio and television stations in a single market. The federal Competition Bureau has reviewed news media mergers, but only for their impact on advertising prices.