MONTREAL – The Slaight Family has agreed to sell Standard Radio to Astral Media. Astral announced that it has signed a letter of intent and has entered into exclusive negotiations to buy substantially all of the assets of the radio and TV broadcaster. A potential purchase price was not disclosed, however The National Post, which broke the story this morning, said Standard should fetch over $1.1 billion. The assets under consideration include Standard Radio's 52 radio stations in 29 markets across Canada, including some of the most listened-to radio brands in the industry: EZ Rock, Mix, The Bear as well...
