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Bell cleared to buy Astral Media, creates a Canadian TV powerhouse


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#1 OFFLINE   Athlon646464

Athlon646464

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Posted 29 June 2013 - 06:38 AM

Bell cleared to buy Astral Media, creates a Canadian TV powerhouse
 
Bell tried to shake up the Canadian media landscape last year by acquiring Astral Media, but it ran into a CRTC-sized roadblock -- regulators didn't want 25 TV stations moving to one provider. After some big concessions, however, Bell has received approval to buy Astral for $3.2 billion. The revised deal gives Bell control of 12 channels that include The Movie Network, HBO Canada's owner. Bell is offloading some important TV content to move forward, though. Corus gets several recognizable channels that include the Cartoon Network and Teletoon, while big stations like Disney XD and MusiquePlus are on the auction block.
 

1 HR34-700, 1 C31-700, 1 HR24-500
Original install on April 20, 2008 - HR34 & C31 installed on August 24, 2013 - HR24 installed on July 23, 2010

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