Astral off to "robust" start in 2010

MONTREAL – Describing its first quarter financial results as “robust”, Astral Media appears confident about the year ahead.Consolidated revenues totaled $250.7 million for its first quarter ended November 30, 2009, an increase of 3% over the $244.5 million recorded last year for the same period.EBITDA grew 28% to $96.8 million from $75.5 million for the same quarter last year, which included $11.6 million in a Part II licence fees accrual reversal. Cash flow from operations rose by 18% to $59.6 million for the quarter, compared to $50.7 million last year.Consolidated net earnings for the first three months of Fiscal 2010 increased 42% to...