TORONTO – At Astral Media’s annual shareholders meeting in Toronto today, president and CEO Ian Greenberg talked up the company’s ongoing growth prospects.
"We are very much present in the four fastest-growing media categories in Canada: specialty and pay TV, radio, outdoor advertising and interactive media,” he said. “All our business units are recording strong performance quarter after quarter and are contributing healthy results achieved primarily through organic growth. Astral Media will create additional opportunities for organic growth and profit by being innovative with technology while remaining focused on value."
Greenberg also added that it was precisely because of his company’s consistent financial performance and disciplined approach that the it was able to successfully complete its two major opportunities in fiscal 2007: the Standard Radio acquisition and the Toronto Urban Street Furniture agreement. Astral won a long-term contract from the city to provide street furniture which will carry ads.
The company also announced today an increase of 25% to its annual dividend, from 40 to 50 cents per share. "Astral Media has now more than tripled its dividend payment to shareholders since fiscal 2004, a clear demonstration of our commitment and of the confidence we have in our ability to create more value and continue to grow this Company," said Greenberg, in a release.
