You will be redirected back to your article in seconds

Canada’s Astral boasts rev increase

Co.'s revenues were up 4% to $129 million

MONTREAL — Canuck niche and pay TV broadcaster Astral Media reported Tuesday that earnings, cash flow and revenue were up in the fourth quarter and for the year, thanks to growth in subscriber and advertising revenue.

For the fourth quarter ended Aug. 31, net earnings from continuing operations increased 3% to C$29.2 million ($25.9 million) compared with the fourth quarter last year. Revenues were up 4% to $129 million.

Cash flow in the quarter was up 8% to $44.6 million, compared with $41.1 million.

Net earnings from continuing operations for the year increased 10% to $102 million, up from $92.5 million the year before. Revenue for the year was up 8% to $526 million. Cash flow for the year was up 11% to $170 million.

Both subscriber and advertising revenue for Astral’s TV division was up 8% from the previous year. Astral also has a radio division, and its revenue increased 7% for the year.

More TV

  • Andrew Lincoln as Rick Grimes, Chandler

    'Walking Dead' Recap: Tide of War Turns in Midseason Finale (SPOILERS)

    MONTREAL — Canuck niche and pay TV broadcaster Astral Media reported Tuesday that earnings, cash flow and revenue were up in the fourth quarter and for the year, thanks to growth in subscriber and advertising revenue. For the fourth quarter ended Aug. 31, net earnings from continuing operations increased 3% to C$29.2 million ($25.9 million) […]

  • Jeff Glor

    Jeff Glor to Interview French President Emmanuel Macron on 'CBS Evening News'

    MONTREAL — Canuck niche and pay TV broadcaster Astral Media reported Tuesday that earnings, cash flow and revenue were up in the fourth quarter and for the year, thanks to growth in subscriber and advertising revenue. For the fourth quarter ended Aug. 31, net earnings from continuing operations increased 3% to C$29.2 million ($25.9 million) […]

  • SUITS -- "Full Disclosure" Episode 707

    Dubai: USA Network's Legal Drama 'Suits' Set For Arabic Adaptation (EXCLUSIVE)

    MONTREAL — Canuck niche and pay TV broadcaster Astral Media reported Tuesday that earnings, cash flow and revenue were up in the fourth quarter and for the year, thanks to growth in subscriber and advertising revenue. For the fourth quarter ended Aug. 31, net earnings from continuing operations increased 3% to C$29.2 million ($25.9 million) […]

  • Vanessa Kirby

    'The Crown' Star Vanessa Kirby on the 'Privilege' of Playing Princess Margaret

    MONTREAL — Canuck niche and pay TV broadcaster Astral Media reported Tuesday that earnings, cash flow and revenue were up in the fourth quarter and for the year, thanks to growth in subscriber and advertising revenue. For the fourth quarter ended Aug. 31, net earnings from continuing operations increased 3% to C$29.2 million ($25.9 million) […]

More From Our Brands

Access exclusive content