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Astral Media to acquire Standard Radio |
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Montreal, April 12, 2007 -Astral Media Inc. (TSX: ACM.A/ACM.B) today announced that it has signed a definitive agreement to purchase substantially all of Standard Radio Inc's assets. - Creates the largest radio broadcaster in Canada
- Achieves #1 radio market position by number of stations and by weekly hours tuned
- Establishes national footprint with EZ ROCK, MIX, THE BEAR and the Newstalk format (AM band): some of the most recognized and listened-to radio brands
- Provides better balance between divisions and geographic diversification of revenue sources
- Immediately accretive to earnings
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Last Updated ( Saturday, 28 April 2007 )
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