This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Cramer's Action Alerts PLUS - See his portfolio and get alerts BEFORE every trade. Learn more NOW!

Astral And Bell Media Reply To CRTC Submissions

  • Uniting Astral and Bell Media strengthens Canadian broadcasting and enhances competition
  • Companies looking forward to CRTC hearing that begins May 6 in Montréal
  • Learn more about the benefits of the transaction at CanadiansDeserveMore.ca

MONTREAL, April 17, 2013 /CNW Telbec/ - Astral Media Inc. (Astral) and BCE Inc. (Bell) today announced they have replied to interventions filed with the Canadian Radio-television and Telecommunications Commission (CRTC), part of the CRTC's process to review the proposed transaction to unite Astral and Bell Media.

"Astral and Bell Media are happy to present our plan to deliver great new TV, radio and film content across all platforms and to enhance competition in a rapidly evolving broadcasting system," said Kevin Crull, President of Bell Media. "We appreciate the letters of support received from Canadian consumers, creators, and broadcast and cable companies, and we acknowledge those who question the transaction. We believe our plan fully addresses their concerns, and we look forward to detailing the benefits of the transaction during the CRTC's public hearing in May."

"Astral is proud of our long history of creating world-class content and world-class opportunities here in Québec and across Canada," said Jacques Parisien, Executive Vice President and Chief Operating Officer of Astral. "By joining with Bell Media, we'll build on that proud legacy, ensuring consumers and creators benefit from accelerated investment and innovation in new programming, especially in the French-language media marketplace."

Under both an agreement with the Competition Bureau and their amended application to the CRTC, Astral and Bell Media will sell several Astral TV services. The divestitures include 100% of Astral's English-language specialty TV services and 50% of its French-language specialty TV.

After selling a total of 11 Astral TV services, Bell Media would retain 8 Astral pay and specialty TV services - the French-language Super Écran, Cinépop, Canal Vie, Canal D, VRAK TV, and Ztélé, and English-language services The Movie Network, which includes HBO Canada, and TMN Encore.

1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 18,132.70 -81.72 -0.45%
S&P 500 2,104.50 -6.24 -0.30%
NASDAQ 4,963.5270 -24.3630 -0.49%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs