Radio restructuring helps buoy Q3 results at Astral

MONTREAL – Third quarter revenues and profits were both up at Astral, which the company attributed to an increase in advertising revenues at its television and outdoor advertising divisions.Consolidated revenues for the quarter ended May 31, 2011, totalled $268.0 million, a 6% increase over the $253.6 million in the same period last year. Earnings before interest, taxes, depreciation and amortization (EBITDA) grew 4% over last year to $87.9 million, while net earnings increased modestly to $49.3 million from $48.4 million.Astral said Thursday that TV advertising revenues were up 11% and subscriber-related revenues grew 5%, leading to segment revenues of $153.9 million.Revenue at...