Canada’s broadcast regulator has killed BCE Inc.’s $3-billion takeover of Astral Media, saying it was choosing consumer interests over corporate ones.
The move is also creating political reverberations as BCE executives issued a scathing statement late Thursday evening, demanding that cabinet step in and force the CRTC to overturn its decision.
On Friday morning a Harper government spokesman said the federal cabinet will not consider overturning the broadcast regulator's rejection of the BCE Inc. takeover of Astral Media Inc.
BCE CEO George Cope came to The Globe and Mail on Friday to talk to Globe and Mail reporters about the news.
Media reporter Steve Ladurantaye tweeted from the meeting.
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