Astral boosts share buyback program

MONTREAL – With the company’s share price near its lowest levels in years (it dropped down to $26 last month, but was over $43 a year ago), Astral Media today announced that the Toronto Stock Exchange approved the company’s request to increase the number of shares it may purchase under its normal course issuer bid program. The company may now purchase up to 2,732,749 class A shares and up to 139,401 class B shares. This represents no more than 5% of the 54,654,999 issued and outstanding class A shares as at November 30, 2007 and no more than 5% of...