Astral Media May Merge with Corus

General Radio News and Comments, Satellite & Internet Radio and LPFM

Postby Glen Livingstone » Sun Jul 16, 2006 3:06 pm

Astral Media confirmed last week that it was one of the bidders for CHUM Ltd. and might consider merging with Corus Entertainment, Inc.

Astral was outbid by Bell Globemedia which put forth a $1.7 billion takeover of CHUM.

"If a merger with Corus happens" said CEO Ian Greenberg, "The new company would be renamed Castrate."
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