MONTREAL, May 25, 2012 /CNW Telbec/ – Astral Media Inc. (TSX: ACM.A
ACM.B) (“Astral“) today announced that the Qu bec Superior Court has approved the
previously announced acquisition of all of the issued and outstanding
shares of Astral by BCE Inc. (“BCE“) pursuant to a plan of arrangement under section 192 of the Canada Business Corporations Act (the “Arrangement“). The Qu bec Superior Court declared that the Arrangement is fair to
shareholders of Astral.

It is anticipated that the Arrangement will be completed in the second
half of 2012, subject to, without limitation, required regulatory
approvals. Once there is more certainty as to when the Arrangement is
expected to be completed, shareholders of Astral will receive a letter
of transmittal and election form explaining how they may deposit and
obtain payment for their shares of Astral once the Arrangement is
completed.

This press release contains certain forward-looking statements relating
to the proposed acquisition by BCE of all of the issued and outstanding
shares of Astral. We disclaim any intention or obligation to update or
revise any forward-looking statements. The completion of the
above-mentioned proposed transaction is subject to customary closing
conditions, termination rights and other risks and uncertainties
including, without limitation, any required regulatory approvals,
including approval by the Canadian Radio-television and
Telecommunications Commission (CRTC), Competition Bureau and Toronto
Stock Exchange. Accordingly, there can be no assurance that the
proposed transaction will occur, or that it will occur on the terms and
conditions contemplated in this news release. The proposed transaction
could be modified, restructured or terminated.

About Astral

Founded in 1961, Astral Media Inc. (TSX: ACM.A/ACM.B) is one of Canada’s
largest media companies. It operates several media properties – pay and
specialty television, radio, out-of-home advertising, and digital –
that are among the most popular in the country. Astral plays a central
role in community life across the country by offering diverse, rich,
and vibrant programming that meets the tastes and needs of consumers
and advertisers alike. To learn more about Astral, please visit Astral.com.

About BCE

Headquartered in Montr al, BCE Inc. (TSX, NYSE: BCE) is Canada’s largest
communications company, with the Bell and Bell Aliant brands providing
a comprehensive and innovative suite of broadband wireless and wireline
communication services to residential and business customers across
Canada. Bell Media is Canada’s premier multimedia company with leading
assets in television, radio and digital media, including CTV, Canada’s
#1 television network, and the country’s most-watched specialty
channels. For BCE corporate information, please visit BCE.ca. For Bell product and service information, please visit Bell.ca. For Bell Media, please visit BellMedia.ca.

SOURCE ASTRAL MEDIA INC.