Astral Media Comments On Potential Acquision By Bell

Issues Statement

Two weeks ago (NET NEWS 11/2), the CRTC rejected the proposed takeover of ASTRAL MEDIA by BELL MEDIA.

Now, ASTRAL has issued a statement with respect to its acquisition by BELL, saying "While it is ASTRAL's policy not to comment on market rumours or speculation, ASTRAL today confirms that it is in discussions with BELL to continue pursuing regulatory approvals for BELL's acquisition of ASTRAL, including, among other options, the filing of an application with the CANADIAN RADIO-TELEVISION AND TELECOMMUNICATIONS COMMISSION (CRTC). The timing and details of any such application have not yet been determined. The Company will keep its investors informed of any significant developments in this respect."

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