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Astral Media

May 08, 2024

Astral Media Inc. was a Canadian media conglomerate. It was Canada's largest radio broadcaster, with 84 radio stations in eight provinces. Astral was also a major player in premium and specialty television in Canada, with 23 specialty channels and two conventional stations. In addition, Astral had a presence in out-of-home advertising.

Astral Media Inc.
Astral's "lines making an A" logo from 2010 to 2013.
FormerlyAstral Communications Ltd. (1973–2000)
Company typePublic
TSX: ACM.A, ACM.B
IndustryMass media
FoundedAugust 31, 1961
(as Angreen Photo)
DefunctJuly 5, 2013
FateAcquired by Bell Media.
HeadquartersMontreal, Quebec, Canada
Key people
Ian Greenberg
(President, CEO and co-founder)
Revenue $1.02 billion (2012)[1]
$204.4 million (2012)[1]
Number of employees
2,800+ (2010)[1]
Websiteastral.com

In March 2012, Bell Media announced its intent to acquire Astral for $3.38 billion. Although an attempt to purchase the entirety of the company was blocked under competition law, the CRTC approved a revised offer on June 27, 2013, which saw various Astral specialty channels and radio stations divested to competitors. The sale was consummated on July 5, 2013. Astral was dissolved later the same year as a result of Bell Media completing its acquisition of the company. Bell Media assumed some of Astral's television functions and absorbed some of its premium television services.

History edit

Angreen Photo and Astral Photo edit

Astral Media's roots lie with Angreen Photo, a Canadian company founded in 1961. It was created when Montreal's Greenberg brothers,[2] led by Harold Greenberg, founded it to operate the photography concession in Miracle Mart, a department store chain. Its acquisition in 1963 of Bellevue Pathé led to photography rights at the Montreal Expo 67 World's Fair, and it eventually grew into a 125-store chain, Astral Photo,[2] the remnants of which are now owned by the Black's Photography chain. The company grew quickly into motion picture processing after acquiring the Pathé-Humphries motion picture lab in 1968 and Associated Screen News Industries of Montreal in 1969.[2]

Astral Communications Limited edit

The company was constituted in 1973 under the name Astral Bellevue Pathé Limited. It eventually undertook videocassette duplication and video wholesaling. The company also produced or executive produced over 100 feature films, television programs and television miniseries. The films were released by American Cinema Releasing.[3] The company had operated such subsidiaries as Astral Films, Astral Film Productions Ltd. and Astral Video, as well as in 1987, a development consortium that was led by Harold Greenberg with funding from the CBC called the Centre De Production De Montreal, which is set for open in 1989.[4]

In 1983, the Greenbergs acquired complete control of two pay television networks, First Choice (now known as The Movie Network) and Premier Choix TVEC (now Super Écran), at which point Astral ceased to be directly involved in film and program production. The company would later expand its television operations by launching new specialty networks. In addition, it became involved with the home video and feature film market, lasting from the mid-1980s until at least 1996. In 1987, Astral Film Enterprises had teamed up with Management Company Entertainment Group to produce three feature films by 1988, with the first film slated to be in the co-production pact was Boris and Natasha, Boardwalk, and Villa Golitsyn, which were proposed in the three-picture pact, but the projects, aside from Boris and Natasha were never realized.[5] In 1996, Astral Communications decided to sell all of the program development and distribution divisions to Coscient Group.[6] In February 2000, Astral Communications changed its name to Astral Media, alongside Access Media.

 
Astral's "Uppercase A with circle cut" Logo from 2000 to 2010, using the full company name.

Astral then expanded into radio, beginning with the 2000 acquisition of Radiomutuel, and the 2002 purchase of most of the radio assets of Telemedia, although those companies' joint AM radio network Radiomedia was ultimately sold to Corus Entertainment for competitive reasons. Radiomutuel also owned a controlling share of outdoor advertising firm Omni Outdoor (which eventually became the fully owned Astral Out-of-Home division), as well as several French-language specialty channels such as Canal Vie, Ztélé, Séries+, VRAK.TV, and 50% stakes in MusiquePlus and MusiMax (then co-owned with CHUM Limited).

On February 23, 2007, Astral Media announced that it had signed a letter of intent and had entered into exclusive negotiations regarding the acquisition of "substantially all of the assets" of Standard Radio.[7] A formal agreement was later announced, with the proposed transaction being approved by the CRTC on September 28, and completed on October 29 of the same year. The transaction gave Astral Media a significant foothold in English-language radio.

 
Astral vehicle with the 2010 logo

In 2010, Astral Media relocated its headquarters to 1800 McGill College Avenue, in a skyscraper rechristened Maison Astral. In May 2010, the company unveiled a new logo featuring a multi-coloured "a" insignia (reflecting ideals of "collaboration" and "creativity"). At this time, the company began to trade as simply "Astral".[8]

In the fall of 2011, Teletoon (co-owned with Corus Entertainment at the time) adopted a new logo to reflect Astral's 50th anniversary.

Acquisition by Bell Media edit

On March 16, 2012, Astral Media announced that it had agreed to be acquired by Bell Canada through its Bell Media division for $3.38 billion. Astral Media shareholders approved the acquisition of all of its issued and outstanding shares by Bell Media on May 24, 2012;[9] the acquisition of Astral Media's issued and outstanding shares by Bell received approval by the Quebec Superior Court during a hearing on May 25, 2012.[10]

The proposed sale faced opposition: a coalition of Cogeco, Vidéotron, and Eastlink argued that Bell's market share following the merger would harm consumer choice, and that Bell would raise carriage fees for Astral's channels (impacting smaller providers).[11] During a CRTC's hearing, the Canadian Broadcasting Corporation argued that Bell's proposal to use its mandatory tangible benefits to launch a French-language news channel (which would compete with its own Réseau de l'information) was "self-serving and unprecedented."[12] In September 2012, the Competition Bureau stated that it was becoming "increasingly concerned" about the implications of the merger, and warned that it could oppose the deal even if it were to be approved by the CRTC.[13]

On October 18, 2012, the CRTC announced that it had rejected BCE's proposal to acquire Astral Media. The commission cited that their combined market power could "threaten the availability of diverse programming for Canadians and endanger the ability of distribution undertakings to deliver programming at affordable rates and on reasonable terms on multiple platforms", and also stated that allowing the merger would have required the implementation of "extensive and intrusive safeguards" across the entire broadcasting industry. The CRTC also felt that Bell did not adequately demonstrate how having most of Canada's French-language media owned by two vertically integrated companies would improve competition, and how being bigger would allow it to compete against foreign services.[14]

Second attempt edit

Following the rejection of the deal by the CRTC, Bell Canada CEO George A. Cope asserted that calling the merger dead was "premature", citing that the formal merger agreement between Bell and Astral did not expire until December 16, 2012, and either company could extend it to January 15, 2013. Bell attempted to ask the Cabinet to overturn the CRTC's decision, but was told that they did not have the ability to do so. Bell also reportedly considered going to the Federal Court of Appeal, or restructuring the deal to selectively sell Astral assets to competing companies. Rogers Media expressed interest in acquiring some of Astral's channels if such a sale were to occur.[15][16] On November 16, 2012, Astral confirmed that it was in talks with Bell to negotiate a new offer, which would involve the sale of the majority of its English-language television channels to third parties.[17]

On March 4, 2013, the Competition Bureau approved a new proposal by Bell to acquire Astral Media, which would involve the divestiture of certain television channels and radio stations owned by the combined company, and was subject to restrictions preventing Bell from imposing restrictive bundling requirements on any provider seeking to carry The Movie Network or Super Écran.[18] The CRTC made the proposed takeover proposal public on March 6, 2013.[19] Unlike the previous deal, which would have given Bell a 42% share of the English-language television market, the new deal gave Bell a total market share of 35.7%, and increased its French-language market share to 22% (in comparison to 8% before).[20][21] On March 18, 2013, the Competition Bureau cleared a proposed deal to sell Astral's stakes in several channels to Corus Entertainment in preparation for regulatory approval.[21]

In a speech to the Academy of Canadian Cinema and Television prior to the hearings, Bell Media's president Kevin Crull detailed plans to invest in French-language productions and maintain a distinct operation in Montreal devoted to its French-language outlets. Crull also praised the role of Québecor Média (despite the company being opposed to the merger) in using its own vertical integration strategy to help promote Francophone talent, and revealed his intention to try and emulate its "star system" in English Canada.[22]

Hearings and approval edit

CRTC hearings on the new proposals began in May 2013. Asserting that it would have to sell or shut down the station without one, Bell organized a petition proposing an exception to the ownership cap that would allow it to maintain ownership of CKGM, under the condition that Bell maintain the TSN Radio format on the station and provide $245,000 in funding for local amateur sports and scholarships in sports journalism over a seven-year period. Commissioner Suzanne Lamarre commented that Bell could have sold another station instead, given most of the comments on Bell's petition only supported CKGM maintaining a sports radio format, and not Bell's purchase of Astral. In response, Bell's CEO George A. Cope commented that the company did not want to sell off profitable radio stations, and Astral CEO Jacques Parisien remarked that breaking up its Montreal cluster would affect their operation.[23]

Rogers called on the CRTC to require that Bell divest The Movie Network, claiming that Bell would make it harder and more expensive for competing service providers to access The Movie Network's content (especially on its own Anyplace TV and on-demand services) if Bell were to own the service. Bell disputed Rogers' claims, stating that the company already had a long-term deal to distribute The Movie Network on its cablesystems, and noted that Rogers had expressed interest in purchasing the service if it were to be divested.[24] Bell indicated that it would not go ahead with the deal if it were forced by the CRTC to sell additional media outlets.[25] Rogers also showed interest in making a "reasonable offer" to purchase CKGM as a complement to its recently acquired TV station CJNT-DT. Under Rogers ownership, CKGM would have kept its sports talk format, but as a Sportsnet Radio station instead of TSN Radio.[26]

On June 27, 2013, the CRTC approved Bell's acquisition of Astral Media, which closed on July 5, 2013. The deal was subject to conditions, including the requirement for Bell to provide fair treatment to its competitors, to not impose "restrictive bundling practices" on Astral's premium movie channels, invest $246.9 million over the next seven years on Canadian-produced programming, and to maintain the operation and local programming levels of all of its television stations through 2017. The CRTC also approved Bell's proposed exemptions for maintaining ownership of CKGM.[27][28]

Divestments edit

Following the approval of the new proposal by the Competition Bureau, Corus Entertainment reached a tentative deal to acquire 2 radio stations (CJOT, CKQB), along with Astral's stakes in Historia, Séries+, and the Teletoon networks from Bell for just over $400 million. Corus acquired the stakes in Historia and Séries+ from Shaw Media as well. On January 1, 2014, the acquisition was completed. In 2017, Corus attempted to sell Historia and Séries+ to Bell for $200 million, but the deal was blocked and rejected by the Competition Bureau for violations of conditions forbidding Bell from re-acquiring divested Astral properties for ten years.[29]

Bell Media also divested Family, Disney Junior's English and French services, Disney XD, MusiMax, MusiquePlus, and 5 other radio stations in Toronto and Vancouver (CHBM-FM, CFXJ-FM, CKZZ-FM, CHHR-FM and CISL) at auction.[18] These divested stations and channels were temporarily held in a blind trust by Pierre Boivin until the completion of their acquisitions.[30]

On May 16, 2013, the Jim Pattison Group announced a deal to acquire three stations in Calgary and Winnipeg from Bell and Astral—CKCE-FM, CHIQ-FM, and CFQX, for an undisclosed amount. The deal expanded the Jim Pattison Group's operations in Calgary (where it was planning to launch a new station, CHPK-FM), and gave the company its first stations in Manitoba.[31] On August 26, 2013, Newcap Radio announced its intent to acquire the five aforementioned Toronto and Vancouver stations.[32] Eventually, Newcap was in turn acquired by Stingray Digital Group in 2018.

On November 28, 2013, DHX Media announced that it had reached a deal to acquire Family Channel and its sister networks for $170 million, the deal was completed in late July 2014.[33][34] On December 4, 2013, Remstar, owners of the French television system V, announced that it would acquire MusiquePlus and MusiMax for an undisclosed amount.[35]

Corporate governance edit

Members of the board of directors of Astral prior to the close of the Bell-Astral transaction were: Austin Beutel, Paul Bronfman, André Bureau (chairman), Jack Cockwell, George Cohon, Paul Godfrey, Stephen Greenberg, Ian Greenberg, Sidney Greenberg, Sidney Horn, Timothy Price, Phyllis Yaffe and Monique Jérôme-Forget.

Former assets edit

Any listing with a cross (†) character at the end indicates an asset which was not acquired by Bell Canada.

Radio edit

Alberta edit

British Columbia edit

Manitoba edit

New Brunswick edit

Nova Scotia edit

Ontario edit

Quebec edit

NRJ network edit
Rouge FM network edit
Boom FM network edit

Saskatchewan edit

Television edit

Over-the-air television stations edit

See also: Great West Television

Specialty & pay television (English) edit

  • Family - 2 multiplex channels (now owned by WildBrain)
    • Disney Junior (English) (renamed Family Jr. by owner DHX Media after DHX lost the rights to Disney Channel programming to Corus)
  • Disney XD (renamed Family Chrgd by owner DHX Media after DHX lost the rights to Disney Channel programming to Corus, but eventually rebranded to WildBrainTV on March 1, 2022, with no change in programming)
  • The Movie Network - 4 multiplex channels, including HBO Canada (now owned by Bell Media and renamed Crave as of November 1, 2018[36])
    • MExcess - renamed TMN 2 in 2016 and later Crave 2 in 2018
    • MFun! - renamed TMN 3 in 2016 and later Crave 3 in 2018
    • MFest - ceased operations March 1, 2016
  • The Movie Network Encore - 2 multiplex channels (renamed Starz by new owner Bell Media in 2019)
  • Teletoon (now fully owned by Corus Entertainment as of January 1, 2014, rebranded to Cartoon Network on March 27, 2023)
    • Teletoon Retro (shut down on September 1, 2015, license and carriage subsumed by Cartoon Network)
    • Cartoon Network (ceased operating as a separately-licensed service on September 1, 2015, moving under Teletoon Retro's license thereafter, relaunched as Boomerang on March 27, 2023)

Specialty & pay television (French) edit

  • Canal D (now owned by Bell Media)
    • Upcoming spin-off channel focusing on justice and forensic programming in the form of documentaries, magazine series, dramas and reality television series (launched by Bell Media as Canal D/Investigation on December 12, 2013, following the Astral Media acquisition before renaming itself to just Investigation)
  • Canal Vie (now owned by Bell Media)
  • Cinépop (now owned by Bell Media)
  • Disney Junior (French) (renamed Télémagino by owner DHX Media after DHX lost the rights to Disney Channel programming to Corus)
  • Historia (now fully owned by Corus Entertainment as of January 1, 2014)
  • MusiMax (now owned by V Media Group, later became a general entertainment channel now known as Max)
  • MusiquePlus (now owned by V Media Group, and renamed Elle Fictions as of 2019)
  • Séries+ (now fully owned by Corus Entertainment as of January 1, 2014)
  • Super Écran - 4 multiplex channels (now owned by Bell Media)
  • Télétoon (now fully owned by Corus Entertainment as of January 1, 2014)
  • Vrak.TV (now owned by Bell Media and known as Vrak, ceased operations on October 1, 2023)
  • Ztélé (now owned by Bell Media and known as Z)

Pay-per-view television edit

See also edit

References edit

  1. ^ a b c (PDF). Archived from the original (PDF) on 2012-03-28. Retrieved 2011-07-27.{{cite web}}: CS1 maint: archived copy as title (link)
  2. ^ a b c Wedge, Pip. . Radio/Television Station Group History. Canadian Communications Foundation. Archived from the original on 2014-02-28. Retrieved 24 February 2014.
  3. ^ "Astral Bellevue". Globe and Mail. 15 January 1981. ProQuest 386796617.
  4. ^ Brownstein, Bill (1987-07-08). "Greenberg's Astral Set To Build Production Center". Variety. pp. 6–7.
  5. ^ "Astral, Management Co. Teaming On 3 Features; 'Boris & Natasha' First". Variety. 1987-12-02. p. 6.
  6. ^ Kelly, Brendan (1996-12-19). "Astral reports $10.7 mil loss, ups Bureau to chair". Variety. Retrieved 2023-07-26.
  7. ^ Astral Media announces signature of letter of intent to acquire Standard Radio
  8. ^ Lloyd, Jeromy. "Astral Media rebrand for consistency". Marketing Magazine. Retrieved 2020-04-04.
  9. ^ Astral Shareholders Approve Acquisition by BCE 2014-08-08 at the Wayback Machine, Broadcaster Magazine, May 24, 2012.
  10. ^ BCE shuts down Astral Media for $3.38 billion 2014-08-08 at the Wayback Machine, Broadcaster Magazine, May 25, 2012.
  11. ^ Johnson, Julia. "Cable company opposition to Bell's Astral purchase heats up". Financial Post. Retrieved 19 September 2012.
  12. ^ "CBC challenges BCE-Astral deal". Toronto: The Globe and Mail. 14 September 2012. Retrieved 2 October 2012.
  13. ^ "Competition Bureau flags Bell-Astral deal". Toronto: The Globe and Mail. 17 September 2012. Retrieved 19 September 2012.
  14. ^ "Broadcasting Decision CRTC 2012-574". CRTC. Retrieved 18 October 2012.
  15. ^ "With Astral deal on ropes, BCE keeps its options open". Toronto: The Globe and Mail. 1 November 2012. Retrieved 3 November 2012.
  16. ^ "As Astral posts gains, Greenberg looks to rescue BCE deal". Toronto: The Globe and Mail. 31 October 2012. Retrieved 3 November 2012.
  17. ^ "Astral confirms talks with BCE to resurrect takeover deal". Toronto: The Globe and Mail. 16 November 2012. Retrieved 17 November 2012.
  18. ^ a b "Bell moves closer to Astral with sale of TV assets". Toronto: The Globe and Mail. 4 March 2013. Retrieved 5 March 2013.
  19. ^ Astral and Bell Comment on New Acquisition Application to CRTC 2015-10-02 at the Wayback Machine, Broadcaster Magazine, March 6, 2013.
  20. ^ "Competition Bureau OK's BCE-Astral deal, with conditions". CBC News. Retrieved 5 March 2013.
  21. ^ a b "Competition Bureau clears Corus acquisition of Astral assets". The Globe and Mail. Toronto: Canadian Press. 18 March 2013. Retrieved 20 March 2013.
  22. ^ . Montreal Gazette. Archived from the original on 22 June 2013. Retrieved 8 May 2013.
  23. ^ . Montreal Gazette. Archived from the original on 8 May 2013. Retrieved 8 May 2013.
  24. ^ "Rogers seeks order that Bell sell Movie Network if Astral takeover is allowed". Canadian Press. Retrieved 8 May 2013.
  25. ^ "Bell won't sell more of Astral's assets to win OK for merger". Canadian Press. Retrieved 22 May 2013.
  26. ^ . The Gazette. Archived from the original on 4 July 2013. Retrieved 11 June 2013.
  27. ^ "CRTC approves Bell/Astral deal with conditions". Toronto Star. 27 June 2013. Retrieved 5 July 2013.
  28. ^ "CRTC approves Bell-Astral merger". CBC News. Retrieved 5 July 2013.
  29. ^ "Analysts predict steeper Corus dividend cut after watchdog blocks $200-million sale of TV stations to Bell". Financial Post. 2018-05-28. Retrieved 2018-05-28.
  30. ^ Biblic, Mirko. "Re: Voting Trust Agreement between BCE Inc. and Pierre Boivin, the trustee Application No. 2013-0243-9 – Approved". CRTC. Retrieved 5 July 2013.
  31. ^ "Pattison group looks to buy castoffs from Bell Astral deal". The Vancouver Sun. Retrieved 22 May 2013.[permanent dead link]
  32. ^ "Newcap signs agreement with Bell Media to acquire five radio stations in Toronto and Vancouver". CNW. Retrieved 26 August 2013.
  33. ^ "DHX Media to buy Family, other children's channels". Toronto Star. 28 November 2013. Retrieved 29 November 2013.
  34. ^ "DHX to acquire Family Channel, three others from Bell Media". The Globe and Mail. Toronto. 28 November 2013. Retrieved 29 November 2013.
  35. ^ . Canadian Press. Archived from the original on 2013-12-11. Retrieved 4 December 2013.
  36. ^ "All-New Crave Features HBO Collection". TVCanada. 2018-11-01. Retrieved 2018-11-01.

External links edit

May 08, 2024
astral, media, canadian, media, conglomerate, canada, largest, radio, broadcaster, with, radio, stations, eight, provinces, astral, also, major, player, premium, specialty, television, canada, with, specialty, channels, conventional, stations, addition, astral. Astral Media Inc was a Canadian media conglomerate It was Canada s largest radio broadcaster with 84 radio stations in eight provinces Astral was also a major player in premium and specialty television in Canada with 23 specialty channels and two conventional stations In addition Astral had a presence in out of home advertising Astral Media Inc Astral s lines making an A logo from 2010 to 2013 FormerlyAstral Communications Ltd 1973 2000 Company typePublicTraded asTSX ACM A ACM BIndustryMass mediaFoundedAugust 31 1961 as Angreen Photo DefunctJuly 5 2013FateAcquired by Bell Media HeadquartersMontreal Quebec CanadaKey peopleIan Greenberg President CEO and co founder Revenue 1 02 billion 2012 1 Net income 204 4 million 2012 1 Number of employees2 800 2010 1 Websiteastral wbr com In March 2012 Bell Media announced its intent to acquire Astral for 3 38 billion Although an attempt to purchase the entirety of the company was blocked under competition law the CRTC approved a revised offer on June 27 2013 which saw various Astral specialty channels and radio stations divested to competitors The sale was consummated on July 5 2013 Astral was dissolved later the same year as a result of Bell Media completing its acquisition of the company Bell Media assumed some of Astral s television functions and absorbed some of its premium television services Contents 1 History 1 1 Angreen Photo and Astral Photo 1 2 Astral Communications Limited 1 3 Acquisition by Bell Media 1 3 1 Second attempt 1 3 1 1 Hearings and approval 1 3 1 2 Divestments 2 Corporate governance 3 Former assets 3 1 Radio 3 1 1 Alberta 3 1 2 British Columbia 3 1 3 Manitoba 3 1 4 New Brunswick 3 1 5 Nova Scotia 3 1 6 Ontario 3 1 7 Quebec 3 1 7 1 NRJ network 3 1 7 2 Rouge FM network 3 1 7 3 Boom FM network 3 1 8 Saskatchewan 3 2 Television 3 2 1 Over the air television stations 3 2 2 Specialty amp pay television English 3 2 3 Specialty amp pay television French 3 2 4 Pay per view television 4 See also 5 References 6 External linksHistory editAngreen Photo and Astral Photo edit Astral Media s roots lie with Angreen Photo a Canadian company founded in 1961 It was created when Montreal s Greenberg brothers 2 led by Harold Greenberg founded it to operate the photography concession in Miracle Mart a department store chain Its acquisition in 1963 of Bellevue Pathe led to photography rights at the Montreal Expo 67 World s Fair and it eventually grew into a 125 store chain Astral Photo 2 the remnants of which are now owned by the Black s Photography chain The company grew quickly into motion picture processing after acquiring the Pathe Humphries motion picture lab in 1968 and Associated Screen News Industries of Montreal in 1969 2 Astral Communications Limited edit The company was constituted in 1973 under the name Astral Bellevue Pathe Limited It eventually undertook videocassette duplication and video wholesaling The company also produced or executive produced over 100 feature films television programs and television miniseries The films were released by American Cinema Releasing 3 The company had operated such subsidiaries as Astral Films Astral Film Productions Ltd and Astral Video as well as in 1987 a development consortium that was led by Harold Greenberg with funding from the CBC called the Centre De Production De Montreal which is set for open in 1989 4 In 1983 the Greenbergs acquired complete control of two pay television networks First Choice now known as The Movie Network and Premier Choix TVEC now Super Ecran at which point Astral ceased to be directly involved in film and program production The company would later expand its television operations by launching new specialty networks In addition it became involved with the home video and feature film market lasting from the mid 1980s until at least 1996 In 1987 Astral Film Enterprises had teamed up with Management Company Entertainment Group to produce three feature films by 1988 with the first film slated to be in the co production pact was Boris and Natasha Boardwalk and Villa Golitsyn which were proposed in the three picture pact but the projects aside from Boris and Natasha were never realized 5 In 1996 Astral Communications decided to sell all of the program development and distribution divisions to Coscient Group 6 In February 2000 Astral Communications changed its name to Astral Media alongside Access Media nbsp Astral s Uppercase A with circle cut Logo from 2000 to 2010 using the full company name Astral then expanded into radio beginning with the 2000 acquisition of Radiomutuel and the 2002 purchase of most of the radio assets of Telemedia although those companies joint AM radio network Radiomedia was ultimately sold to Corus Entertainment for competitive reasons Radiomutuel also owned a controlling share of outdoor advertising firm Omni Outdoor which eventually became the fully owned Astral Out of Home division as well as several French language specialty channels such as Canal Vie Ztele Series VRAK TV and 50 stakes in MusiquePlus and MusiMax then co owned with CHUM Limited On February 23 2007 Astral Media announced that it had signed a letter of intent and had entered into exclusive negotiations regarding the acquisition of substantially all of the assets of Standard Radio 7 A formal agreement was later announced with the proposed transaction being approved by the CRTC on September 28 and completed on October 29 of the same year The transaction gave Astral Media a significant foothold in English language radio nbsp Astral vehicle with the 2010 logo In 2010 Astral Media relocated its headquarters to 1800 McGill College Avenue in a skyscraper rechristened Maison Astral In May 2010 the company unveiled a new logo featuring a multi coloured a insignia reflecting ideals of collaboration and creativity At this time the company began to trade as simply Astral 8 In the fall of 2011 Teletoon co owned with Corus Entertainment at the time adopted a new logo to reflect Astral s 50th anniversary Acquisition by Bell Media edit On March 16 2012 Astral Media announced that it had agreed to be acquired by Bell Canada through its Bell Media division for 3 38 billion Astral Media shareholders approved the acquisition of all of its issued and outstanding shares by Bell Media on May 24 2012 9 the acquisition of Astral Media s issued and outstanding shares by Bell received approval by the Quebec Superior Court during a hearing on May 25 2012 10 The proposed sale faced opposition a coalition of Cogeco Videotron and Eastlink argued that Bell s market share following the merger would harm consumer choice and that Bell would raise carriage fees for Astral s channels impacting smaller providers 11 During a CRTC s hearing the Canadian Broadcasting Corporation argued that Bell s proposal to use its mandatory tangible benefits to launch a French language news channel which would compete with its own Reseau de l information was self serving and unprecedented 12 In September 2012 the Competition Bureau stated that it was becoming increasingly concerned about the implications of the merger and warned that it could oppose the deal even if it were to be approved by the CRTC 13 On October 18 2012 the CRTC announced that it had rejected BCE s proposal to acquire Astral Media The commission cited that their combined market power could threaten the availability of diverse programming for Canadians and endanger the ability of distribution undertakings to deliver programming at affordable rates and on reasonable terms on multiple platforms and also stated that allowing the merger would have required the implementation of extensive and intrusive safeguards across the entire broadcasting industry The CRTC also felt that Bell did not adequately demonstrate how having most of Canada s French language media owned by two vertically integrated companies would improve competition and how being bigger would allow it to compete against foreign services 14 Second attempt edit Following the rejection of the deal by the CRTC Bell Canada CEO George A Cope asserted that calling the merger dead was premature citing that the formal merger agreement between Bell and Astral did not expire until December 16 2012 and either company could extend it to January 15 2013 Bell attempted to ask the Cabinet to overturn the CRTC s decision but was told that they did not have the ability to do so Bell also reportedly considered going to the Federal Court of Appeal or restructuring the deal to selectively sell Astral assets to competing companies Rogers Media expressed interest in acquiring some of Astral s channels if such a sale were to occur 15 16 On November 16 2012 Astral confirmed that it was in talks with Bell to negotiate a new offer which would involve the sale of the majority of its English language television channels to third parties 17 On March 4 2013 the Competition Bureau approved a new proposal by Bell to acquire Astral Media which would involve the divestiture of certain television channels and radio stations owned by the combined company and was subject to restrictions preventing Bell from imposing restrictive bundling requirements on any provider seeking to carry The Movie Network or Super Ecran 18 The CRTC made the proposed takeover proposal public on March 6 2013 19 Unlike the previous deal which would have given Bell a 42 share of the English language television market the new deal gave Bell a total market share of 35 7 and increased its French language market share to 22 in comparison to 8 before 20 21 On March 18 2013 the Competition Bureau cleared a proposed deal to sell Astral s stakes in several channels to Corus Entertainment in preparation for regulatory approval 21 In a speech to the Academy of Canadian Cinema and Television prior to the hearings Bell Media s president Kevin Crull detailed plans to invest in French language productions and maintain a distinct operation in Montreal devoted to its French language outlets Crull also praised the role of Quebecor Media despite the company being opposed to the merger in using its own vertical integration strategy to help promote Francophone talent and revealed his intention to try and emulate its star system in English Canada 22 Hearings and approval edit CRTC hearings on the new proposals began in May 2013 Asserting that it would have to sell or shut down the station without one Bell organized a petition proposing an exception to the ownership cap that would allow it to maintain ownership of CKGM under the condition that Bell maintain the TSN Radio format on the station and provide 245 000 in funding for local amateur sports and scholarships in sports journalism over a seven year period Commissioner Suzanne Lamarre commented that Bell could have sold another station instead given most of the comments on Bell s petition only supported CKGM maintaining a sports radio format and not Bell s purchase of Astral In response Bell s CEO George A Cope commented that the company did not want to sell off profitable radio stations and Astral CEO Jacques Parisien remarked that breaking up its Montreal cluster would affect their operation 23 Rogers called on the CRTC to require that Bell divest The Movie Network claiming that Bell would make it harder and more expensive for competing service providers to access The Movie Network s content especially on its own Anyplace TV and on demand services if Bell were to own the service Bell disputed Rogers claims stating that the company already had a long term deal to distribute The Movie Network on its cablesystems and noted that Rogers had expressed interest in purchasing the service if it were to be divested 24 Bell indicated that it would not go ahead with the deal if it were forced by the CRTC to sell additional media outlets 25 Rogers also showed interest in making a reasonable offer to purchase CKGM as a complement to its recently acquired TV station CJNT DT Under Rogers ownership CKGM would have kept its sports talk format but as a Sportsnet Radio station instead of TSN Radio 26 On June 27 2013 the CRTC approved Bell s acquisition of Astral Media which closed on July 5 2013 The deal was subject to conditions including the requirement for Bell to provide fair treatment to its competitors to not impose restrictive bundling practices on Astral s premium movie channels invest 246 9 million over the next seven years on Canadian produced programming and to maintain the operation and local programming levels of all of its television stations through 2017 The CRTC also approved Bell s proposed exemptions for maintaining ownership of CKGM 27 28 Divestments edit Following the approval of the new proposal by the Competition Bureau Corus Entertainment reached a tentative deal to acquire 2 radio stations CJOT CKQB along with Astral s stakes in Historia Series and the Teletoon networks from Bell for just over 400 million Corus acquired the stakes in Historia and Series from Shaw Media as well On January 1 2014 the acquisition was completed In 2017 Corus attempted to sell Historia and Series to Bell for 200 million but the deal was blocked and rejected by the Competition Bureau for violations of conditions forbidding Bell from re acquiring divested Astral properties for ten years 29 Bell Media also divested Family Disney Junior s English and French services Disney XD MusiMax MusiquePlus and 5 other radio stations in Toronto and Vancouver CHBM FM CFXJ FM CKZZ FM CHHR FM and CISL at auction 18 These divested stations and channels were temporarily held in a blind trust by Pierre Boivin until the completion of their acquisitions 30 On May 16 2013 the Jim Pattison Group announced a deal to acquire three stations in Calgary and Winnipeg from Bell and Astral CKCE FM CHIQ FM and CFQX for an undisclosed amount The deal expanded the Jim Pattison Group s operations in Calgary where it was planning to launch a new station CHPK FM and gave the company its first stations in Manitoba 31 On August 26 2013 Newcap Radio announced its intent to acquire the five aforementioned Toronto and Vancouver stations 32 Eventually Newcap was in turn acquired by Stingray Digital Group in 2018 On November 28 2013 DHX Media announced that it had reached a deal to acquire Family Channel and its sister networks for 170 million the deal was completed in late July 2014 33 34 On December 4 2013 Remstar owners of the French television system V announced that it would acquire MusiquePlus and MusiMax for an undisclosed amount 35 Corporate governance editMembers of the board of directors of Astral prior to the close of the Bell Astral transaction were Austin Beutel Paul Bronfman Andre Bureau chairman Jack Cockwell George Cohon Paul Godfrey Stephen Greenberg Ian Greenberg Sidney Greenberg Sidney Horn Timothy Price Phyllis Yaffe and Monique Jerome Forget Former assets editAny listing with a cross character at the end indicates an asset which was not acquired by Bell Canada Radio edit Alberta edit Calgary CIBK CJAY CKMX CKCE FM Edmonton CFBR CFRN CFMG British Columbia edit Dawson Creek CJDC Fort Nelson CKRX Fort St John CHRX CKNL Golden CKGR Invermere CKIR Kelowna CHSU CILK CKFR Kitimat CKTK Nelson CKKC Osoyoos CJOR Penticton CJMG CKOR Prince Rupert CHTK Princeton CIOR Revelstoke CKCR Salmon Arm CKXR Summerland CHOR Terrace CFTK CJFW Trail CJAT Vancouver CKZZ CHHR CISL Vernon CICF Manitoba edit Brandon CKX CKXA Selkirk CFQX Winnipeg CHIQ FM CKMM New Brunswick edit Bathurst CKBC FM Fredericton CFXY FM CIBX FM CKHJ Grand Falls CIKX FM Woodstock CJCJ FM Nova Scotia edit Truro CKTO FM CKTY FM Ontario edit Hamilton CHAM CKLH CKOC London CIQM CJBK CJBX CKSL Ottawa CJOT CKQB Pembroke CHVR St Catharines CHRE CHTZ CKTB Toronto CFRB CHBM CKFM Quebec edit Montreal CHOM CJAD CJFM NRJ network edit CHIK FM 98 9 Quebec City CIGB FM 102 3 Trois Rivieres Mauricie CIKI FM 98 7 Rimouski CIMO FM 106 1 Magog Estrie CJAB FM 94 5 Saguenay CJDM FM 92 1 Drummondville CJMM FM 99 1 Rouyn Noranda CJMV FM 102 7 Val d Or CKMF FM 94 3 Montreal CKTF FM 104 1 Gatineau Outaouais Rouge FM network edit CFIX FM 96 9 Saguenay CFVM FM 99 9 Amqui CHEY FM 94 7 Trois Rivieres Mauricie CHRD FM 105 3 Drummondville CIMF FM 94 9 Gatineau Outaouais CITE FM 107 3 Montreal CITE FM 1 102 7 Sherbrooke Estrie CITF FM 107 5 Quebec City CJOI FM 102 9 Rimouski Boom FM network edit CFEI FM 106 5 Saint Hyacinthe CFZZ FM 104 1 Saint Jean sur Richelieu Saskatchewan edit Regina CHBD Television edit Over the air television stations edit See also Great West Television Dawson Creek CJDC now owned by Bell Media reverted from CBC Television affiliation to CTV 2 affiliation in 2016 Terrace CFTK now owned by Bell Media reverted from CBC Television affiliation to CTV 2 affiliation in 2016 Specialty amp pay television English edit Family 2 multiplex channels now owned by WildBrain Disney Junior English renamed Family Jr by owner DHX Media after DHX lost the rights to Disney Channel programming to Corus Disney XD renamed Family Chrgd by owner DHX Media after DHX lost the rights to Disney Channel programming to Corus but eventually rebranded to WildBrainTV on March 1 2022 with no change in programming The Movie Network 4 multiplex channels including HBO Canada now owned by Bell Media and renamed Crave as of November 1 2018 36 MExcess renamed TMN 2 in 2016 and later Crave 2 in 2018 MFun renamed TMN 3 in 2016 and later Crave 3 in 2018 MFest ceased operations March 1 2016 The Movie Network Encore 2 multiplex channels renamed Starz by new owner Bell Media in 2019 Teletoon now fully owned by Corus Entertainment as of January 1 2014 rebranded to Cartoon Network on March 27 2023 Teletoon Retro shut down on September 1 2015 license and carriage subsumed by Cartoon Network Cartoon Network ceased operating as a separately licensed service on September 1 2015 moving under Teletoon Retro s license thereafter relaunched as Boomerang on March 27 2023 Specialty amp pay television French edit Canal D now owned by Bell Media Upcoming spin off channel focusing on justice and forensic programming in the form of documentaries magazine series dramas and reality television series launched by Bell Media as Canal D Investigation on December 12 2013 following the Astral Media acquisition before renaming itself to just Investigation Canal Vie now owned by Bell Media Cinepop now owned by Bell Media Disney Junior French renamed Telemagino by owner DHX Media after DHX lost the rights to Disney Channel programming to Corus Historia now fully owned by Corus Entertainment as of January 1 2014 MusiMax now owned by V Media Group later became a general entertainment channel now known as Max MusiquePlus now owned by V Media Group and renamed Elle Fictions as of 2019 Series now fully owned by Corus Entertainment as of January 1 2014 Super Ecran 4 multiplex channels now owned by Bell Media Teletoon now fully owned by Corus Entertainment as of January 1 2014 Teletoon Retro shut down on September 1 2015 and replaced by Disney La Chaine in its channel allotments under Corus ownership Vrak TV now owned by Bell Media and known as Vrak ceased operations on October 1 2023 Ztele now owned by Bell Media and known as Z Pay per view television edit Viewers Choice 50 1 shut down on September 30 2014 due to redundancy with Bell and Rogers PPV services Vu and Sportsnet PPV See also editMedia ownership in CanadaReferences edit a b c Archived copy PDF Archived from the original PDF on 2012 03 28 Retrieved 2011 07 27 a href Template Cite web html title Template Cite web cite web a CS1 maint archived copy as title link a b c Wedge Pip Astral Media Inc Radio Television Station Group History Canadian Communications Foundation Archived from the original on 2014 02 28 Retrieved 24 February 2014 Astral Bellevue Globe and Mail 15 January 1981 ProQuest 386796617 Brownstein Bill 1987 07 08 Greenberg s Astral Set To Build Production Center Variety pp 6 7 Astral Management Co Teaming On 3 Features Boris amp Natasha First Variety 1987 12 02 p 6 Kelly Brendan 1996 12 19 Astral reports 10 7 mil loss ups Bureau to chair Variety Retrieved 2023 07 26 Astral Media announces signature of letter of intent to acquire Standard Radio Lloyd Jeromy Astral Media rebrand for consistency Marketing Magazine Retrieved 2020 04 04 Astral Shareholders Approve Acquisition by BCE Archived 2014 08 08 at the Wayback Machine Broadcaster Magazine May 24 2012 BCE shuts down Astral Media for 3 38 billion Archived 2014 08 08 at the Wayback Machine Broadcaster Magazine May 25 2012 Johnson Julia Cable company opposition to Bell s Astral purchase heats up Financial Post Retrieved 19 September 2012 CBC challenges BCE Astral deal Toronto The Globe and Mail 14 September 2012 Retrieved 2 October 2012 Competition Bureau flags Bell Astral deal Toronto The Globe and Mail 17 September 2012 Retrieved 19 September 2012 Broadcasting Decision CRTC 2012 574 CRTC Retrieved 18 October 2012 With Astral deal on ropes BCE keeps its options open Toronto The Globe and Mail 1 November 2012 Retrieved 3 November 2012 As Astral posts gains Greenberg looks to rescue BCE deal Toronto The Globe and Mail 31 October 2012 Retrieved 3 November 2012 Astral confirms talks with BCE to resurrect takeover deal Toronto The Globe and Mail 16 November 2012 Retrieved 17 November 2012 a b Bell moves closer to Astral with sale of TV assets Toronto The Globe and Mail 4 March 2013 Retrieved 5 March 2013 Astral and Bell Comment on New Acquisition Application to CRTC Archived 2015 10 02 at the Wayback Machine Broadcaster Magazine March 6 2013 Competition Bureau OK s BCE Astral deal with conditions CBC News Retrieved 5 March 2013 a b Competition Bureau clears Corus acquisition of Astral assets The Globe and Mail Toronto Canadian Press 18 March 2013 Retrieved 20 March 2013 Bell wants to duplicate Quebec s star system in English Canada Montreal Gazette Archived from the original on 22 June 2013 Retrieved 8 May 2013 Bell resistant to CRTC s TSN 690 proposal Montreal Gazette Archived from the original on 8 May 2013 Retrieved 8 May 2013 Rogers seeks order that Bell sell Movie Network if Astral takeover is allowed Canadian Press Retrieved 8 May 2013 Bell won t sell more of Astral s assets to win OK for merger Canadian Press Retrieved 22 May 2013 Rogers tells CRTC it is willing to buy TSN 690 The Gazette Archived from the original on 4 July 2013 Retrieved 11 June 2013 CRTC approves Bell Astral deal with conditions Toronto Star 27 June 2013 Retrieved 5 July 2013 CRTC approves Bell Astral merger CBC News Retrieved 5 July 2013 Analysts predict steeper Corus dividend cut after watchdog blocks 200 million sale of TV stations to Bell Financial Post 2018 05 28 Retrieved 2018 05 28 Biblic Mirko Re Voting Trust Agreement between BCE Inc and Pierre Boivin the trustee Application No 2013 0243 9 Approved CRTC Retrieved 5 July 2013 Pattison group looks to buy castoffs from Bell Astral deal The Vancouver Sun Retrieved 22 May 2013 permanent dead link Newcap signs agreement with Bell Media to acquire five radio stations in Toronto and Vancouver CNW Retrieved 26 August 2013 DHX Media to buy Family other children s channels Toronto Star 28 November 2013 Retrieved 29 November 2013 DHX to acquire Family Channel three others from Bell Media The Globe and Mail Toronto 28 November 2013 Retrieved 29 November 2013 Bell Media signs deal to sell MusiquePlus and MusiMax to V Media Group Canadian Press Archived from the original on 2013 12 11 Retrieved 4 December 2013 All New Crave Features HBO Collection TVCanada 2018 11 01 Retrieved 2018 11 01 External links editOfficial website website defunct for Astral Media now owned by Bell Media History of Astral Media Inc Canadian Communications Foundation Retrieved from https en wikipedia org w index php title Astral Media amp oldid 1209216271, wikipedia, wiki, book, books, library,

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