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Astral Media
Five things we learned from CRTC denying BCE’s Astral takeover
The CRTC in its decision Thursday said that it is serious about undue competition in Canadian media, and hasn’t changed it’s mind that OTT services are not a threat to the Canadian broadcast system.
“Shocked” Bell Canada slams CRTC rejection of Astral Media deal
The phone giant said it is appealing to the federal cabinet to possibly overturn the regulatory denial of its $3.4 billion takeover bid.
CRTC denies Bell Canada takeover of Astral Media
It’s back to the drawing board for Astral Media as the industry’s largest independent player is denied a bid to be taken over by the Canadian phone giant.
BCE responds to transaction interveners
President and CEO George Cope called out the opposition to the company’s acquisition of Astral Media, while Astral president and CEO Ian Greenberg said the sale will let a Canadian media company compete on an international level.
BCE pitches benefits of $3.3 billion Astral Media takeover to CRTC
The phone giant offered the carrot of a homegrown competitor to Netflix Canada if the blockbuster transaction is approved by the broadcast and telecom regulator after this week’s hearings in Ottawa.
Bell-Astral will put $80 million into French-language programming
The news came as part of a Bell statement clarifying its vision for the Astral takeover, in which it also argued that opponent Quebecor will remain the largest holder of Quebec market share.
Telus joins Say No To Bell coalition to thwart Astral takeover
The move leverages existing opposition in eastern Canada from Cogeco Eastlink and Quebecor with a new voice from western Canada.
Cogeco, Eastlink and Quebecor oppose Bell’s Astral takeover
The consortium is urging regulators to block the sale and has launched a public campaign, Say No to Bell, to stop the transaction.
Astral and Corus toppers bullish on Canadian ad market
Astral’s Ian Greenberg (pictured) and Corus’ John Cassaday told analysts Thursday to look beyond specialty TV declines in the third quarter to recovering sales in the fourth quarter.
Astral and Corus raise Q3 earnings, despite revenue falls
Both pay, specialty TV and radio broadcasters faced a soft advertising market as the companies managed to squeeze out higher profit lines during the quarter to May 31.
Bell unveils benefits package for $3.38 billion Astral takeover
The phone giant proposes to spend $96 million to develop and produce indie TV programming of national interest, and divest itself of radio stations, to receive regulatory approval for the blockbuster acquisition.
Bell reports stronger net earnings in soft TV ad market
Parent company BCE credited its year-over-year period growth in part to the creation of Bell Media, formed when the company purchased CTV.
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