*Astral revenues up

Astral Media has declared pro-forma profits reflecting its 100% acquisition of Radiomutuel of just under $7 million for the six-month period ending Feb. 29. Revenues for the period are $247.1 million compared to $207.2 million for the same period last year. On the same basis, EBITDA is up 78% in the period to $36.4 million.

During the second quarter, Astral sold its video duplication and distribution business to California-based media packager Technicolor for $26.5 million. President and ceo Ian Greenberg says the company ‘continues to examine strategic alternatives’ for its video wholesaling and marketing operation.

*Look TV subs at 34,000

Wireless bdu Look Communications (CDNX: LKC) is reporting revenues of $15.7 million for ’99, its first full year of operations in broadcast distribution. The revenue total includes $10 million from broadcast and $5.7 million from Internet access and Web-related services following Look’s Oct. 31 merger with I.D. Internet Direct.

Look says it had top-line revenues of $14 million for the first quarter ending March 31.

The company recently applied for an mds licence in b.c, and anticipates a decision from the crtc this summer.

At the end of ’99, Look had approximately 34,000 subscribers for its mds wireless cable service. Look’s Internet service had 149,000 residential and business subscribers at year-end.

Behaviour AGM May 26

behaviour Communications has announced May 26 as the date of its annual general meeting, to be held at 11 a.m. at the Cinematheque Quebecoise in Montreal.

Behaviour declared revenues from continuing operations for the year ended Sept. 30, 1999 of $44 million compared to $54.2 million in ’98. Revenues from Behaviour Worldwide, the l.a.-based licensing and production division, accounted for $40 million or 90% of all ’99 revenues.

The company declared a net loss of $2.2 million for Q1 on revenues of $400,000. Behaviour has not yet announced a closing of the sale of its digital studio to Tube Images.

Last month, majority shareholders BHVR Communications, controlled by Richard Szalwinski, and The Mark and Margaret Damon Trust signed a $16-million cash-infusion and debt conversion refinancing agreement. In the agreement, Mark Damon becomes the company’s new chairman and ceo.

BHV.B high and low share price on the tse since mid-March are $0.28 and $0.10.

*TVA Group sells at $26

TVA Group has filed a final prospectus in all Canadian provinces for the sale of 3.5 million subscription receipts at a price of $26 per receipt. The sale represents total gross proceeds of $91 million. The announcement follows a North American road show by senior tva management. Each receipt entitles the holder to one tva participating class b non-voting share.

The financing is being used to pay for the acquisition (70% by tva, 30% by Caisse subsidiary cdpq) of Motion International. The acquisition group says it has acquired 97.6% of all outstanding Motion class a multiple-voting shares.

tva (tva.b) has granted 350,000 additional receipts to the underwriting syndicate, which includes lead manager National Bank Financial, Scotia Capital, TD Securities, UBS Bunting Warburg, CIBC World Markets, Griffiths McBurney & Partners and Yorkton Securities.

tva.b shares are trading in the $26 range on the tse. The 52-week high and low is $37 and $16.

The subscription receipts offering is expected to close May 12.

(www.tva.ca)