Saturday, March 10, 2007

Selling The Analog Assets, Trying To Keep The Digital Ones

In Toronto this weekend for the annual (great!) Canadian Music Week convention gave me a front row seat on an amazing development: when Canadian radio giant Standard Broadcasting Corp. Ltd. announced last month that it was negotiating a sale to Astral Media Inc., Standard chief executive officer Gary Slaight cautioned there was still much talking to be done. He didn't go into detail, but those close to the deal suggested the inclusion of Standard's Internet radio operation, Iceberg Radio, was among the points still being discussed. The fact that Iceberg would play a key role in the talks should come as no surprise: Standard's on-line music operation is the largest of its kind in Canada.

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