DAILY NEWS Oct 18, 2012 4:02 PM - 1 comment

BREAKING NEWS -- CRTC Rejects Bell's Takeover of Astral

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TheCRTC has denied the application by BCE Inc., on behalf of Astral Media inc., for authority to change the effective control of Astral’s broadcasting undertakings. The Commission is not convinced that the transaction would provide significant and unequivocal benefits to the Canadian broadcasting system and to Canadians sufficient to outweigh the concerns related to competition, ownership concentration in television and radio, vertical integration and the exercise of market power.

In addition, BCE filed applications for authority to effect corporate reorganizations and to convert CKGM Montréal from an English- to a French-language radio station. The applicant indicated that the related applications were all contingent on approval of the proposed change of effective control of Astral’s broadcasting undertakings. In light of the Commission’s decision to deny the change of effective control, the Commission also denies the related applications.


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Reader Comments

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David brewer

To tell you the truth, I did not expect this ruling!!!! I am glad that there is finally someone that seems to be looking out for all parties , the consumer included. I hope this trend will continue , giving us consumers some hope.

Posted October 18, 2012 04:17 PM

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