Astral Media Inc. recorded a 15th consecutive year of growth and passed the billion-dollar annual revenue waterline for the first time in its history, the company reported on Tuesday. In fourth-quarter and year-ending data for the period ending Aug. 31, Astral reported a six per cent increase in year-over-year revenues and a seven per cent increase in yearly net earnings. This included a four per cent increase in revenues generated from subscribers to the company’s specialty channels and other services as well as a 13 per cent increase in advertising revenues, the company said. The company recorded total revenues of $1.01 billion for the fiscal year 2011—what it said is a new annual high. "I am very pleased with the strong performance displayed by our three business segments in the fourth quarter and by their balanced contribution to a strong finish to the year,” Ian Greenberg, Astral’s president and CEO, said in a release. "We are now entering into a challenging economic and advertising environment and remain fully committed to apply the same discipline and focus on cost optimization that have underpinned our past successes."