As Standard, it remained the largest privately owned multimedia company in Canada until it sold its radio and TV broadcasting assets to Astral Media in 2007.
The company also operated divisions in e-commerce, videotape and DVD distribution, retail marketing and audio and video post-production,[1] and was the primary shareholder in the satellite radio provider Sirius Canada.
In 2006, the company announced an initial public offering via an income trust; these plans were later cancelled due to "market conditions".
On February 23, 2007, Astral Media announced that it had signed a letter of intent and had entered into exclusive negotiations regarding the acquisition of "substantially all of the assets" of Standard.
Standard's minority share in 3937844 Canada was also not transferred to Astral, but was wholly acquired by its majority owner, Newcap Broadcasting, in a separate transaction which also took place in 2007.
[6] Slaight Communications owns a 7.19% stake in Fight Holdings, a minority partner in Anthem Sports & Entertainment.