Skip to main content

Globe Investor BCE, Astral renew effort to win CRTC blessing for union

Bell Canada Enterprises (BCE) president and chief executive officer George Cope, left, and Ian Greenberg, right, president and chief executive officer of Astral Media Inc., speak at a news conference in Montreal in this file photo from March 16, 2012.

CHRISTINNE MUSCHI/REUTERS

BCE Inc. and Astral Media Inc. have proposed a $174.64-million tangible benefits package in a renewed effort to win approval of the deal by the CRTC, which rejected the takeover last year.

The proposal comes as the broadcast regulator prepares to hold a new set of hearings into the deal starting on May 6.

The CRTC rejected BCE's purchase of Astral last year, but BCE revamped its plan and resubmitted it for approval.

Story continues below advertisement

The Competition Bureau approved the $3.38-billion takeover of Astral by BCE earlier this week, but with conditions that included the sale of several of Astral's pay and specialty television channels.

Bell will, however, keep eight of Astral's TV channels including the Movie Network, which includes HBO Canada, and TMN Encore as well as the French-language SuperEcran, CinePop, Canal Vie, Canal D, VRAK TV, and Z Tele.

The Competition Bureau said without the sale of Astral's pay and specialty television channels, the deal would likely have led to higher prices and reduced choices for television programming.

Report an error
Tickers mentioned in this story
Unchecking box will stop auto data updates
Due to technical reasons, we have temporarily removed commenting from our articles. We hope to have this fixed soon. Thank you for your patience. If you are looking to give feedback on our new site, please send it along to feedback@globeandmail.com. If you want to write a letter to the editor, please forward to letters@globeandmail.com.

Welcome to The Globe and Mail’s comment community. This is a space where subscribers can engage with each other and Globe staff. Non-subscribers can read and sort comments but will not be able to engage with them in any way. Click here to subscribe.

If you would like to write a letter to the editor, please forward it to letters@globeandmail.com. Readers can also interact with The Globe on Facebook and Twitter .

Welcome to The Globe and Mail’s comment community. This is a space where subscribers can engage with each other and Globe staff. Non-subscribers can read and sort comments but will not be able to engage with them in any way. Click here to subscribe.

If you would like to write a letter to the editor, please forward it to letters@globeandmail.com. Readers can also interact with The Globe on Facebook and Twitter .

Welcome to The Globe and Mail’s comment community. This is a space where subscribers can engage with each other and Globe staff.

We aim to create a safe and valuable space for discussion and debate. That means:

  • Treat others as you wish to be treated
  • Criticize ideas, not people
  • Stay on topic
  • Avoid the use of toxic and offensive language
  • Flag bad behaviour

Comments that violate our community guidelines will be removed.

Read our community guidelines here

Discussion loading ...

Cannabis pro newsletter