Astral sinks funds into docus
Broadcaster investing $585,000 into filmsTORONTO -- Canadian broadcaster Astral Media said Wednesday that it will invest $585,000 in homegrown feature documentaries.
Montreal-based Astral said it will support two or three documentaries annually through its Harold Greenberg Fund, a longtime supporter of feature film production here.
The investment comes as part of a benefits package established after last year's acquisition of Standard Broadcasting, a move that made Astral the country's largest radio broadcaster.
The CRTC triggers mandatory expenditures after any industry takeover to indicate public benefits from ownership restructurings.