(CTVVF) BCE and CTV Reach Internet Agreement.

Business Editors

MONTREAL--(BUSINESS WIRE)--March 31, 2000

(TSE:BCE.)(ME:BCE.) (CDNX:BCE.)(NYSE:BCE) (OTCBB:CTVVF)(TV.)

BCE Inc. and CTV Inc. today announced that they have entered into an Internet content distribution agreement. This agreement is part of the conditions of purchase made public when BCE announced its March 14 offer for CTV and will take effect once the BCE offer is completed.

The Internet content distribution agreement is for an initial period of ten years and provides that current and future programming of CTV will be available on the Internet only through the Internet portal sites operated directly or indirectly by BCE.

This agreement satisfies another condition to BCE's offer for CTV, which is open to all CTV shareholders and expires on April 5. Beyond customary conditions, the offer remains conditional on more than 50% of CTV shares being tendered.

BCE is Canada's largest communications company. Through its operations in communications services, BCE provides residence and business customers in Canada with wireline and wireless communications products and applications, satellite communications and direct-to-home television services, systems integration expertise, electronic commerce solutions, Internet access and high-speed data services, and directories. Abroad, through Bell Canada International's investee companies, BCE provides communications services to nearly 6 million customers in Asia and Latin America. BCE also has an extensive international presence through Teleglobe, an international telecommunications carrier. BCE shares are listed in Canada, the United States and Europe.

CTV Inc. is Canada's pre-eminent communications company with conventional television operations across Canada and a leading presence in the specialty television sector. Through its network operations, CTV reaches 99% of English-speaking households, offering a wide range of quality news, sports, information and entertainment programming. The company owns and operates 25 stations, of which 18 are CTV affiliates, six are CBC affiliates, and one is an independent station, VTV. CTV also owns ASN, a satellite television service in the Maritimes.

Specialty channel holdings include: CTV Newsnet (100%); Talk TV (100%); NetStar Communications Inc. (68.46%); The Comedy Network (65.1%); controlling interest in CTV Pay-Per-View Sports; Sportsnet (40%); Outdoor Life Network (33.34%); and History Television (12%). NetStar's assets include TSN (100%); Discovery Canada (80%); RDS, an all French-language sports channel (100%); Viewer's Choice Canada (24.95%); and Dome Productions (100%). CTV also owns a 50% interest in Landscape Entertainment Corp., a production venture that will produce worldwide content for film, television and the Internet.

CTV Inc.'s shares trade on The Toronto Stock Exchange under the symbol TV.