Radio / Television News

Ad strength drives Astral growth


MONTREAL - "The performance of each of our operating divisions continues to be in-line with our expectations for fiscal 2005," said Ian Greenberg, president  and CEO, Astral Media, in presenting his company’s third quarter results today."Strong advertising revenues drove growth in our television division with a 28% increase in the third quarter, while pay television subscribers also increased by 2% for the quarter. In radio, advertising revenues for the quarter were solid with a 7% increase. Notably, we were very pleased to finally close the radio transaction with Corus, at the end of the quarter, thus adding five FM radio...