Bell cleared to purchase Astral Media, creates a Canadian TV powerhouse
Bell tried to shake up the Canadian media panorama final yr by buying Astral Media, however it ran right into a CRTC-sized roadblock — regulators did not need 25 TV stations shifting to at least one supplier. After some massive concessions, nevertheless, Bell has acquired approval to purchase Astral for $three.2 billion. The revised deal provides Bell management of 12 channels that embrace The Film Community, HBO Canada’s proprietor. Bell is offloading some necessary TV content material to maneuver ahead, although. Corus will get a number of recognizable channels that embrace the Cartoon Community and Teletoon, whereas huge stations like Disney XD and MusiquePlus are on the public sale block. Not that Bell will complain too loudly when the buyout closes on July fifth, thoughts you. The merger nonetheless provides it 35.eight % of the English Canadian TV market and 22.6 % of its French Canadian equal, or sufficient to right away eclipse rivals like Rogers and Quebecor.
SOURCE: Astral Media
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