Astral Media posts higher earnings

The release of the Q2 results comes ahead of the CRTC considering BCE's second application to acquire the indie broadcaster on May 6.
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As BCE takes a second run at acquiring Astral Media, the indie broadcaster on Thursday posted higher earnings and revenues.

Montreal-based Astral said second quarter earnings rose 8% to $41.2 million, on overall revenues up 2% to $237.1 million.

Astral said its TV subscriber revenue rose 3% to $116.3 million during the latest quarter, driven by mainly specialty TV.

And TV advertising revenue fell 1% to $26.8 million and radio advertising revenue also fell 1% to $73.2 million.

Total advertising revenue rose by 1% to $120.7 million, Astral reported.

The CRTC, which rejected the first BCE takeover application for Astral, will consider the revised bid during public hearings that start May 6.

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