Astral announces the departure of CFO Claude Gagnon

VP Finance Robert Fortier appointed CFO

MONTREAL, Jan. 30, 2012 /CNW Telbec/ - Astral Media Inc. (TSX: ACM.A ACM.B) today announced that its Senior Vice-President and Chief Financial Officer, Claude Gagnon, has advised the Company of his decision to leave the organization on January 31, 2012 with the intent to retire, after a distinguished career of over 20 years at Astral.

"Claude has been one of the architects of Astral's transformation into a pure-play media company and played a key role in our many acquisitions and asset dispositions over the years. I wish to sincerely thank Claude for his great contribution to our evolution and growth and wish him well in his future endeavors and as he contemplates taking a much deserved retirement," said Ian Greenberg, President and Chief Executive Officer.

Robert Fortier, who has served as the Company's Vice-President, Finance since October 2005, is being appointed Vice-President and Chief Financial Officer, effective February 1, 2012.

"Robert holds an impressive professional track record and has earned a strong reputation both within Astral and among the financial community. I wish him every success as he undertakes his new responsibilities and look forward to his continued contribution to our senior management team," added Ian Greenberg.

Robert Fortier holds a bachelor's degree in accounting from the Université du Québec à Trois-Rivières (1981) and is a member of the Ordre des Comptables Agréés (Chartered Accountants) du Québec since 1983. Prior to joining Astral, Robert worked as Vice-President, Finance, at Microcell Telecommunications Inc., operating under the brand name Fido.

Founded in 1961, Astral one of Canada's largest media companies. It operates several media properties—pay and specialty television, radio, out-of-home advertising, and digital—among the most popular in the country. Astral plays a central role in community life across the country by offering diverse, rich, and vibrant programming that meets the tastes and needs of consumers and advertisers alike. To learn more about Astral, go to astral.com.

SOURCE ASTRAL MEDIA INC.

For further information:

Hugues Mousseau
Director, Corporate communications and Synergies
514-939-5000
hmousseau@astral.com

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ASTRAL MEDIA INC.

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