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Astral Media reports 21 percent profit jump

10/07/08

OTTAWA (Reuters) - Specialty-TV and radio group Astral Media reported a 21 percent jump in third-quarter profit on Thursday, as the impact of recent acquisitions and investments helped buoy results.

The company said it earned C$43.3 million ($42.9 million), or 75 Canadian cents a share, for the period ended May 31, up from C$35.9 million, or 67 Canadian cents a share, a year earlier.

($1=$1.01 Canadian)

(Reporting by Susan Taylor; Editing by Scott Anderson)

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