Competition Bureau clears Astral's acquisition by Bell

Competition Bureau issues No Action Letter 
MONTREAL, March 4, 2013 /CNW Telbec/ - Astral Media Inc. (TSX: ACM.A ACM.B) 
("Astral") today announced that the Canadian Competition Bureau (the "Bureau") 
has issued a "no action letter" in connection with its previously announced 
acquisition by BCE Inc. ("Bell"). The issuance of this letter constitutes one 
of the two required regulatory approvals contemplated in the arrangement 
agreement entered into by Astral and Bell in connection with the transaction. 
"Competition Bureau clearance is a key milestone in the progress of our 
transaction and reflects Astral and Bell's commitment to making sure that the 
consumer always comes first" said Ian Greenberg, President and CEO of Astral. 
"Together, Astral and Bell Media will have the scale to invest, compete and 
deliver on the opportunities ahead for all Canadians in this rapidly changing 
media landscape and I look forward to continuing to work in close 
collaboration with Bell's team towards securing CRTC approval for the 
The no action letter confirms that the Bureau, following an extensive review 
of the proposed acquisition of Astral by Bell and the entering into of a 
consent agreement with Bell, will not challenge the acquisition of Astral by 
Bell before the Competition Tribunal under the merger provisions of the 
Competition Act. The consent agreement provides for certain conditions 
described by Bell in a press release issued today. 
Originally announced on March 16, 2012, the $3.38 billion transaction was 
approved by shareholders representing more than 99% of Astral shares and the 
Québec Superior Court. The transaction remains subject to closing conditions, 
including the approval of the CRTC. The CRTC approval is the only remaining 
regulatory approval required in connection with the transaction. There can be 
no assurance that the transaction will occur, or that it will occur on the 
terms and conditions currently contemplated. 
Certain statements made in this news release, including, but not limited to, 
statements relating to the transaction and other statements that are not 
historical facts, are forward-looking. Forward-looking statements, by their 
very nature, are subject to inherent risks and uncertainties and are based on 
several assumptions which give rise to the possibility that actual results or 
events could differ materially from our expectations expressed in or implied 
by such forward-looking statements. As a result, we cannot guarantee that any 
forward-looking statement will materialize and you are cautioned not to place 
undue reliance on these forward-looking statements. 
The forward-looking statements contained in this news release describe 
Astral's expectations at the date of this news release and, accordingly, are 
subject to change after such date. Except as may be required by Canadian 
securities laws, we do not undertake any obligation to update or revise any 
forward-looking statements contained in this news release, whether as a result 
of new information, future events or otherwise. Forward-looking statements are 
provided herein for the purpose of giving information about the transaction 
and its expected impact. Readers are cautioned that such information may not 
be appropriate for other purposes. The completion of the transaction is 
subject to customary closing conditions, termination rights and other risks 
and uncertainties including, without limitation, approval by the CRTC. 
Accordingly, there can be no assurance that the transaction will occur, or 
that it will occur on the terms and conditions currently contemplated by the 
parties. The transaction could be modified, restructured or terminated. 
About Astral 
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 - that are 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 learn more about Astral, please 
Media inquiries: 
Olivier Racette Astral Media Inc. 514-939-5000 
SOURCE: Astral Media Inc. 
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CO: Astral
ST: Quebec
-0- Mar/04/2013 21:31 GMT
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