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Standard Radio Delays Trust IPO
June 8, 2006 at 7:24 PM (PT)
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The proposed IPO for STANDARD RADIO's spinoff trust has been called off for now due to market conditions. The plan by the Canadian media giant to create a publicly traded STANDARD RADIO INCOME FUND was announced on MAY 19 and the preliminary prospectus has not been withdrawn but the plan has been delayed. STANDARD was expected to raise up to C$300 million by spinning off 1/3 of its stock into the public trust.

