Astral notes the CRTC decision on its acquisition by Bell

MONTREAL, Oct. 18, 2012 /CNW Telbec/ - Astral Media Inc. (ACM.A ACM.B) notes the Canadian Radio-television and Telecommunications Commission's (CRTC) decision to refuse the acquisition of control of Astral by BCE Inc. (Bell).

The parties are analyzing the CRTC decision and are assessing their alternatives. Astral has been informed by Bell that it will request that the federal Cabinet intervene in the CRTC's decision to reject Bell's acquisition of Astral.

Founded in 1961, Astral is a leading Canadian media company. It operates several of the country's most popular pay and specialty television, radio, out-of-home advertising and digital media properties. Astral plays a central role in community life from coast to coast by offering diverse, rich and vibrant programming that meets the tastes and needs of consumers and advertisers. To learn more about Astral, visit astral.com.

Olivier Racette Advisor, Corporate Communications Astral Media Inc. 514-939-5000 oracette@astral.com

SOURCE: ASTRAL MEDIA INC.

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CO: Astral ST: Quebec NI: ENT TVNEWS RADIO MNA

-0- Oct/18/2012 23:56 GMT