Astral and CAJ Comments on CRTC Decision

After today's denial of the Bell and Astral merger by the CRTC, Astral and the CAJ made comments on the deal. CAJ came out and stated what they think, but Astral didn't do much of that, instead they stated what they know so far. More after the jump.

Bell Wants the Federal Government to Overturn CRTC's Astral Decision

Bell Media sent out a release Thursday evening saying it was shocked by the CRTC's decision to deny the company's purchase of Astral Media, and is asking the Federal Cabinet to intervene.

CRTC Denies Bell's Bid to Acquire Astral

Bell Canada Enterprises (BCE) president and CEO George 

Cope (left) and Ian Greenberg, president and chief executive 

officer of Astral Media Inc., speak at a news conference in 

Montreal in March.

Today, the Canadian Radio-television and Telecommunications Commission (CRTC) denied BCE’s application to acquire control of Astral Media’s television and radio services because it is not in the public interest. Astral Media operates 84 radio stations and 20 pay and specialty television channels in both official languages.