Advertiser, subscriber growth power Q3 profits at Astral

MONTREAL – Growth across all three of its main business units helped to push up third quarter profits at Astral Media by 9%, the company reported Thursday.Consolidated revenues for the quarter ended May 31, 2010 were $253.6 million, up from the $232.5 million in the same period last year. EBITDA was up 4% to $84.9 million from $81.8 million last year, while consolidated net earnings increased 9% to $48.5 million."I am particularly pleased that our advertising revenues increased 11% and that our subscription revenues grew a strong 7%, contributing to Astral's 55th consecutive quarter of profitable growth”, said president and CEO, Ian...