Bell’s Astral Takeover Has Rivals Crying Foul

Some of Eastern Canada’s largest media companies take issue with BCE Inc.’s proposed takeover of Astral Media, saying the deal would lead to higher costs for consumers and hurt Canadian culture.

The heads of broadcaster Quebecor Inc., cable company Cogeco Cable Inc. and telecom firm Eastlink will host a news conference in Ottawa on Tuesday morning to urge Ottawa to nix the transaction, announced in March, whereby Bell would buy the assets of Montreal-based Astral Media for $3.4 billion.

Read more here.