This Day On The Street
Continue to site
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

Astral And Bell Media Reply To CRTC Submissions

"A primary focus for Bell Media is growth in Québec and the French-language media marketplace. Even after the sale of half of Astral's French-language specialty TV services, Bell Media would increase its viewing share in this market to 22.6% - still less than the 31% viewing share enjoyed by Québecor, but a significant enhancement to market competition nevertheless," said Mr. Crull. "All of these remaining English and French-language TV services are part of the Astral and Bell Media plan to increase consumer choice and service innovation in Canadian media."

The principal opposition to Astral joining with Bell Media has come from some cable and telecom companies that compete with Bell, specifically because Astral and Bell Media are eager to inject fresh ideas, significant new investment, and more competition into Canadian media, especially in Québec.

These competitors, many of them large vertically integrated corporations, claim Astral and Bell Media will somehow restrict their access to content - despite the fact that both Astral and Bell Media already have long-term distribution and affiliation agreements in place with them. Bell Media is also respectful of and compliant with the CRTC's rigorous Vertical Integration rules, which govern the relationship between broadcasters and distributors.

Recognizing the rapidly changing competitive landscape in a multi-platform, cross-border broadcasting universe, Bell Media was formed in 2011 to compete both with Canada's established vertically integrated cable/broadcast companies and with fast-growing international broadcasters such as Netflix and Google. Bell Media's plan to join with Astral was originally announced on March 16, 2012. After the CRTC's rejection of Astral and Bell Media's original application on October 18, 2012, the two companies filed a new application addressing the CRTC's concerns on November 19, later amended to reflect terms in the March 4, 2013 consent agreement between Bell and the Competition Bureau.

Bell Media has also committed to a tangible benefits package of $174.64 million to develop and promote new French and English language TV, radio and film content, support emerging Canadian musical talent, and enable new media training and consumer participation initiatives in the Canadian broadcasting industry.

Bell Media will also retain Astral's 2 rural over-the-air TV stations in British Columbia, CJDC in Dawson Creek and CFTK in Terrace, and Astral's interest in the Viewer's Choice Canada pay-per-view service. Astral and Bell Media have committed to keeping all local TV stations open and to maintaining their local programming.

Consistent with the CRTC's policy on radio ownership, Bell is divesting 10 English-language radio stations. Because of the strong desire expressed by Montréal sports fans to retain TSN Radio 690 as an English-language sports station, Bell Media has requested permission to continue to operate TSN 690 as an English-language sports radio station.

2 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
Only $9.95
14-Days Free
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
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free


Chart of I:DJI
DOW 17,050.75 +138.46 0.82%
S&P 500 2,013.43 +15.91 0.80%
NASDAQ 4,810.7880 +19.6360 0.41%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs