Astral Media Inc. Announces Payment of Semi-Annual Dividend

MONTREAL, Dec. 16 /CNW Telbec/ - The Board of Directors of Astral Media Inc., (TSX: ACM.A/ACM.B) at a meeting held on December 9, 2010, declared a semi-annual dividend of $0.375 per share on the Class A Non-voting Shares and the Class B Subordinate Voting Shares of the Corporation payable February 2, 2011 to the shareholders of record at the close of business on January 19, 2011.

Astral Media Inc. designates this dividend to be an eligible dividend pursuant to subsection 89(14) of the Income Tax Act and its equivalent in the provincial jurisdictions of Canada.

Astral is one of Canada's largest media companies. It operates several of the country's most popular media properties in pay and specialty television, radio, out-of-home advertising and digital media. Astral plays a central role in community life across the country by offering diverse, rich, and vibrant programming that meets the tastes and needs of consumers and advertisers. To learn more about Astral, visit astral.com.

For further information:

Claude Gagnon
Senior Vice-President and Chief Financial Officer
Astral Media Inc.
514-939-5000