MONTREAL, Sept. 28 /CNW Telbec/ - Astral Media Inc. (TSX: ACM.A/ACM.B)
welcomes the Canadian Radio-television and Telecommunications Commission
(CRTC) decision to approve the Company's acquisition of substantial y all of
Standard Radio Inc.'s assets.
As a result of this transaction, Astral Media will become Canada's
largest radio broadcaster operating 83 stations in eight provinces.
The Company expects to close the transaction on October 29, 2007.
Astral Media is a leading Canadian media company, active in specialty,
pay and pay-per-view television, radio, outdoor advertising and the Internet.
Astral Media's solid and dynamic presence in the country's major markets rests
on its commitment to offer a unique combination of high-quality, targeted
media for all its audiences.
This press release contains certain forward-looking statements concerning
the future performance of the Company. These forward-looking statements are
based on current expectations. We caution that all forward-looking information
is inherently uncertain and actual results may differ materially from the
assumptions, estimates or expectations reflected or contained in the
forward-looking information, and that actual future performance will be
affected by a number of factors, including technological change, economic
conditions, regulatory change, competitive factors and changes in accounting
rules or standards, many of which are beyond the Company's control. We
disclaim any intention or obligation to update or revise any forward-looking
For further information:
For further information: Alain Bergeron, Vice-President, Brand
Management and Corporate Communications, Astral Media Inc., (514) 939-5000;
Claude Gagnon, Senior Vice-President and Chief Financial Officer, Astral Media
Inc., (514) 939-5000