Loading articles...

CRTC approves Bell's acquisition of Astral Media

The CRTC has approved Bell’s $3.4 billion purchase of Astral Media.

This comes after the deal was rejected last fall, because the CRTC said it wasn’t in the best interests of Canadians.

For the deal to be approved, Bell will sell Astral’s stake in 11 English and French specialty T-V channels as well as 10 English radio stations.

Those will be sold to address the concern that Bell would be too dominant in the market.