Cogeco remains opposed to $3.38B Bell/Astral deal

Cogeco says it remains opposed to a plan by Astral Media to sell the bulk of its assets to BCE despite changes to the deal, which was blocked by the CRTC last year. The broadcast regulator will hold hearings in May to consider Bell’s revised application to buy Astral, after it agreed to sell some […]

Cogeco says it remains opposed to a plan by Astral Media to sell the bulk of its assets to BCE despite changes to the deal, which was blocked by the CRTC last year.

The broadcast regulator will hold hearings in May to consider Bell’s revised application to buy Astral, after it agreed to sell some of its television assets to make the deal more acceptable

However, Cogeco said its reasons for opposing the $3.38-billion deal remain the same.

The cable company said such a deal would still give an already dominant BCE too large a share of the broadcasting market.

However, the Competition Bureau has given its OK for Corus Entertainment to buy the remaining half of Teletoon and other specialty TV interests from Astral.

The sale was a condition of the Competition Bureau’s approval of Astral’s takeover by BCE.

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