Bell Privileged To Buy Astral Media, Creates The Canadian TV Powerhouse

Bell Privileged To Buy Astral Media, Creates The Canadian TV Powerhouse

Bell attemptedto shake up upthe Canadian media landscape final yearby appropriation Astral Media,butit raninto the CRTC-sized roadblock— regulators didn’t wish twenty-five TV stations relocatingto a single provider.Aftersomebig concessions,however, Bellhas perceived capitulationtobuy Astralfor $ 3.2 billion.The revised understanding gives Bell carry outof twelve channelsthat embodyThe Movie Network, HBO Canada’s owner. Bellis offloadingsomeimportant TV calmtomove forward, though. Corus gets multiform tangible channelsthat embodythe Cartoon Networkand Teletoon,whilebig stationslike Disney XDand MusiquePlusareonthe auction block.Notthat Bellwill protesttoo loudlywhenthe buyout closeson Jul 5th, thoughtsyou.The partnership still givesit 35.8 percentofthe English Canadian TV marketplaceand 22.6 percentofits French Canadian equivalent,or sufficientto rught away obscure rivalslike Rogersand Quebecor.

Filed under: Home Entertainment, HD

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Via:Variety

Source:Astral Media

Jon Fingas
Source : http://www.engadget.com/2013/06/29/bell-cleared-to-buy-astral-media/?utm_medium=feed&utm_source=Feed_Classic&utm_campaign=Engadget

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