Astral Reports Q4 and 2011 Results

Astral Media Inc. today reported solid financial results for the fourth quarter and the year ended August 31, 2011 and delivered continued growth in revenues, EBITDA1, net earnings, EPS, and cash flow from operations3.

“I am very pleased with the strong performance displayed by our three business segments in the fourth quarter and by their balanced contribution to a strong finish to the year. Fiscal 2011 marks the Company’s 15th consecutive year of profitable growth and the first time in Astral’s history that we surpass the billion dollar revenue mark,” said Ian Greenberg, President and Chief Executive Officer. “We are now entering into a challenging economic and advertising environment and remain fully committed to apply the same discipline and focus on cost optimization that have underpinned our past successes”.

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