Astral Increases Dividend, Continues Buyback
December 6, 2007 at 5:46 AM (PT)
At his company's annual shareholder meeting, ASTRAL MEDIA Pres./CEO IAN GREENBERG told investors that his company is increasing its annual dividend 25% to 50 cents/share and is renewing its share buyback program. ASTRAL plans to buy back up to 1.4 million of its class A shares and up to 71,400 of its class B shares over the next 12 months.
"We are very much present in the four fastest-growing media categories in CANADA: specialty and pay TV, radio, outdoor advertising and interactive media. All our business units are recording strong performance quarter after quarter and are contributing healthy results achieved primarily through organic growth." said GREENBERG. "ASTRAL MEDIA will create additional opportunities for organic growth and profit by being innovative with technology while remaining focused on