Astral is now officially the largest radio owner

MONTREAL – Astral Media’s billion-dollar acquisition of Standard Broadcasting closed today, giving the combined company 82 radio stations across the country. "The acquisition of Standard Radio positions Astral Media as Canada's leading radio broadcaster with unsurpassed national coverage," said Ian Greenberg, president and CEO of Astral Media, in the press release. "Our national network of 82 radio stations now enables us to offer advertisers an unprecedented access to highly defined audiences at the local level through some of the best radio brands in the country. In today's changing media world, radio remains a very powerful and exciting medium that positions...