Bell cleared to buy Astral Media, creates a Canadian TV powerhouse

Bell tried to shake up the Canadian media landscape last year by acquiring Astral Media, but it ran into a CRTC-sized roadblock -- regulators didn't want 25 TV stations moving to one provider. After some big concessions, however, Bell has received approval to buy Astral for $3.2 billion. The revised deal gives Bell control of 12 channels that include The Movie Network, HBO Canada's owner. Bell is offloading some important TV content to move forward, though. Corus gets several recognizable channe...