Astral Media posts stellar numbers

Broadcaster earnings up 18%

MONTREAL — Canuck broadcaster Astral Media reported net earnings up 18% to C$29 million ($28.5 million) and revenue up 38% to $203 million for the second quarter, compared with the same time last year, driven by boffo pay TV results.

For the first six months of the tax year, Montreal-based Astral reported profit of $65 million, up 16% on the first six months of last year. Revenue for the six-month period was $398 million, up 29%.

Advertising revenue from Astral’s pay TV channels was up 12% in the quarter and radio revenue was also up big-time, thanks to the addition of the Standard Radio stations, which Astral acquired last year. Revenue from the TV division was up 5% for the six-month period.

Astral Media is one of Canada’s leading pay TV station owners and its holdings include The Movie Network, The Family Channel and Canal Vie.

More Biz

  • BEVERLY HILLS, CA - MAY 23:

    'Solo: A Star Wars Story,' 'Coco' Composers Honored at ASCAP Screen Music Awards

    MONTREAL — Canuck broadcaster Astral Media reported net earnings up 18% to C$29 million ($28.5 million) and revenue up 38% to $203 million for the second quarter, compared with the same time last year, driven by boffo pay TV results. For the first six months of the tax year, Montreal-based Astral reported profit of $65 […]

  • John Wells photographed at John Wells

    John Wells' Company Finds New Digs as Industry Sees Rapid Changes

    MONTREAL — Canuck broadcaster Astral Media reported net earnings up 18% to C$29 million ($28.5 million) and revenue up 38% to $203 million for the second quarter, compared with the same time last year, driven by boffo pay TV results. For the first six months of the tax year, Montreal-based Astral reported profit of $65 […]

  • Netflix Reed Hastings

    Netflix Is Now More Valuable Than Disney

    MONTREAL — Canuck broadcaster Astral Media reported net earnings up 18% to C$29 million ($28.5 million) and revenue up 38% to $203 million for the second quarter, compared with the same time last year, driven by boffo pay TV results. For the first six months of the tax year, Montreal-based Astral reported profit of $65 […]

  • Woody Allen

    Moses Farrow Defends Father Woody Allen, Claims Mia Farrow Was Abusive

    MONTREAL — Canuck broadcaster Astral Media reported net earnings up 18% to C$29 million ($28.5 million) and revenue up 38% to $203 million for the second quarter, compared with the same time last year, driven by boffo pay TV results. For the first six months of the tax year, Montreal-based Astral reported profit of $65 […]

  • Federal Prosecutors Investigating Harvey Weinstein Sex

    Federal Prosecutors Investigating Harvey Weinstein Sex Cases

    MONTREAL — Canuck broadcaster Astral Media reported net earnings up 18% to C$29 million ($28.5 million) and revenue up 38% to $203 million for the second quarter, compared with the same time last year, driven by boffo pay TV results. For the first six months of the tax year, Montreal-based Astral reported profit of $65 […]

  • Fear the Walking Dead BTS

    Production Coordinators Fight for Equal Pay for Equal Work

    MONTREAL — Canuck broadcaster Astral Media reported net earnings up 18% to C$29 million ($28.5 million) and revenue up 38% to $203 million for the second quarter, compared with the same time last year, driven by boffo pay TV results. For the first six months of the tax year, Montreal-based Astral reported profit of $65 […]

More From Our Brands

Access exclusive content