Agreement with Bell extended to December 16 2012

MONTREAL, Oct. 25, 2012 /CNW Telbec/ - Astral Media Inc. (ACM.A ACM.B) today 
announced that it has been advised that, in accordance with the terms of the 
arrangement agreement dated March 16, 2012, BCE Inc. (Bell) has elected to 
postpone the Outside Date to December 16, 2012. Each of Bell and Astral has 
the right to further postpone the Outside Date by an additional period of 30 
days to January 15, 2013. 
The transaction is subject to closing conditions, including regulatory 
approvals from the CRTC and the Competition Bureau. On October 18, 2012, the 
CRTC issued its decision on Bell's application for authority to acquire and 
change the effective control of the Company and denied Bell's application. On 
October 22, 2012, Bell submitted its request that the Federal Cabinet issue a 
policy direction to the CRTC, under Section 7 of the Broadcasting Act, that 
directs the CRTC to follow its existing policies when reviewing change of 
control transactions in broadcasting. Bell stated that with such a Cabinet 
policy direction in place, it would then re-submit a Change of Control 
Application to the CRTC. There can be no assurance that the transaction will 
occur, or that it will occur on the terms and conditions currently 
This press release contains certain forward-looking statements concerning the 
future performance of the Company. These forward-looking statements are based 
on current expectations. We caution that all forward-looking information is 
inherently uncertain and actual results may differ materially from the 
assumptions, estimates or expectations reflected or contained in the 
forward-looking information, and that actual future performance will be 
affected by a number of factors, including technological change, economic 
conditions, regulatory change, competitive factors and changes in accounting 
rules or standards, many of which are beyond the Company's control. We 
disclaim any intention or obligation to update or revise any forward-looking 
Founded in 1961, Astral is one of Canada's largest media companies. It 
operates several media properties—pay and specialty television, radio, 
out-of-home advertising and digital media properties—among the most popular 
in the country. Astral plays a central role in community life across the 
country by offering diverse, rich and vibrant programming that meets the 
tastes and needs of consumers and advertisers alike. To find out more about 
Astral, go 
Olivier Racette Advisor, Corporate Communications Astral Media inc. 
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ST: Quebec
-0- Oct/25/2012 19:24 GMT
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