On March 16, 2012, it was announced Bell Canada would be acquiring Astral Media for $3.38 billion. However, the deal was rejected by the Canadian Radio-television and Telecommunications Commission (CRTC) that fall. Bell submitted a revised takeover proposal in 2013, in which it would sell off a number of assets but keep CFTK. Bell has committed to maintaining the station's current conditions of license, including CBC affiliation, until the end of its license term in 2017. Bell owns two networks of its own, CTV and CTV 2, which compete with CBC. The deal was approved by the Competition Bureau in March 2013, and by the CRTC in June 2013.