Astral Q1 Radio Revenues Down But TV Drives Profit Gain
January 18, 2010 at 4:37 AM (PT)
Radio revenue fell 1& to C$89.1 million at ASTRAL MEDIA, but gains at TV and a one-time accounting gain from a tax rate change led the company to a first quarter profit gain.
Overall revenue rose 3% to C$250.7 million. The overall profit figure jumped from C$39.6 million to C$64.6 million ($56.2 million without the tax gain). Net income per share rose from C71 cents to C$1.14.