Radio Revenues Down, Overall Up For Astral In Q2
April 8, 2010 at 12:37 PM (PT)
ASTRAL MEDIA INC. second fiscal quarter consolidated net earnings grew 24% to C$33.6 million, with basic earnings per share up 25% to C$0.60. Consolidated revenues rose 4% to C$218.3 million. Radio revenues fell 2% for the quarter to C$73.906 million.
"I am pleased by the strength of our second quarter results and delighted that all our business units continue to perform well in a challenging environment, allowing us to record a 54th consecutive quarter of profitable growth for ASTRAL," said President and CEO IAN GREENBERG. "Throughout the economic downturn, we have continued to invest strategically in sales, programming and branding initiatives across all our platforms, making important headway in further strengthening our position in key Canadian markets."