John Bassett

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For other persons named John Bassett, see John Bassett (disambiguation).
Not to be confused with John Bassette.

John White Hughes Bassett, PC , OC , O.Ont (August 25, 1915 – April 27, 1998) was a Canadian publisher and media baron.

Born in Ottawa, Ontario, he was the son of John Bassett (1886-1958), publisher of the Montreal Gazette, and Margaret Avery. Bassett attended Ashbury College and graduated from Bishop's University with a BA in 1936. He became a reporter for the Toronto Globe and Mail.

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[edit] Politics

After fighting with the Army in World War II, Bassett ran unsuccessfully for the Progressive Conservative Party of Canada, in the 1945 Canadian election in the riding of Sherbrooke. He lost to the Liberal candidate, Maurice Gingues. He also ran in the 1962 election in the riding of Spadina. He lost again to the Liberal candidate, Perry Ryan.

[edit] Publishing and broadcasting

His first experience in newspaper ownership was with the Sherbrooke Daily Record, which he bought from his father. In 1952, Bassett purchased part ownership of the Toronto Telegram. In 1960, he founded Baton Broadcasting to run Toronto's first commercial television station, CFTO-TV. A few months later, he won the television rights to the Eastern Conference of the Canadian Football League. He needed a network in order to broadcast the games. The result was the Canadian Television Network, later to become CTV, with CFTO as the flagship station. Starting in the 1980s, Bassett began a drive to take over CTV by buying as many stations as possible. He succeeded in 1997, a year before his death.

[edit] Sports

From 1957 until 1979, Bassett was the owner of the Toronto Argonauts, a team in the Canadian Football League.

In 1957, he was named to the "Silver Seven," a committee that oversaw hockey operations for the Toronto Maple Leafs. In 1961, longtime Maple Leafs owner Conn Smythe sold most of his shares in Maple Leaf Gardens Ltd. (which owned the Maple Leafs and Maple Leaf Gardens) to a partnership of his son Stafford, Toronto Marlboros president Harold Ballard and Bassett for $2.3 million Conn later claimed that he thought he was selling only to his son, but it is very unlikely that Stafford would have been able to raise the money on his own. Bassett became vice-chairman of the Gardens' board of directors, succeeding Smythe as chairman in 1964.

In 1969, Ballard and Stafford Smythe were charged with tax evasion and accused of using Maple Leaf Gardens Ltd. to pay for their personal expenses. Bassett persuaded the board to fire Smythe as president and Ballard as executive vice president. The board elected Bassett as the new president.

However, Bassett did not force Smythe and Ballard to sell their shares, and they both remained on the board. This was a serious strategic blunder on Bassett's part; Smythe was still the largest shareholder, and he and Ballard controlled almost half the shares between them. A year later, Ballard and Smythe staged a proxy war to win back control. Faced with an untenable situation, Bassett resigned and sold his shares to Smythe and Ballard.

[edit] Government

In 1989, he was appointed for a three-year term as chairman of the Security Intelligence Review Committee, an independent body that reports to the Parliament of Canada on the operations of the Canadian Security Intelligence Service. Due to the requirements under the Official Secrets Act, Bassett was sworn into the Queen's Privy Council for Canada.

[edit] Family

Bassett married Isabel Bassett in 1970. He had six children: John F., Doug and David from an earlier marriage and Avery, Sarah and Matthew from his marriage to Isabel. In the 1970s, son John F. Bassett was also the owner of the Toronto Toros, a hockey team in the World Hockey Association. Former tennis star Carling Bassett-Seguso is the daughter of John F. Bassett.

[edit] Honours

[edit] External links

Preceded by
Ron Atkey		 Chair of the Security Intelligence Review Committee (Canada)
1989-1992		 Succeeded by
Jacques Courtois