Astral reports 38% revenue growth in 2Q

MONTREAL - Astral Media Inc. says its acquisition of Standard Radio was a major factor in boosting second quarter revenue to nearly $207 million, a 38% increase over the same period last year. Consolidated net earnings for the second quarter ended February 29, 2008, increased by 18% over the same quarter last year, rising to $29.0 million ($0.51 per share) from $24.6 million ($0.47 per share). Consolidated net earnings for the first six months of fiscal 2008 increased by 16% over last year, rising to $66.5 million ($1.19 per share) from $57.3 million ($1.08 per share) last year. Consolidated revenues...