Astral cracks billion dollar revenue ceiling

MONTREAL – Astral Media reported “record” revenue of $1.02 billion for its 2011 fiscal year, the first time that it has passed the billion dollar mark. The Montreal-based media company said Tuesday that revenue for the year ended August 31 was up 6% over the $961 million that it recorded in 2010. EBITDA for the 12-month period increased 5% to $319 million from $303 million last year. Fourth quarter revenue was $247.6 million a 3.9% increase from $238.4 million in the same period last year. Despite the revenue jump, profits for 2011 were flat at $185.2 million, over $185.1 million...