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. A formal agreement was later announced, with the proposed transaction being approved by the CRTC on September 28, 2007. Astral would eventually be taken over by Bell Media on July 5, 2013. Astral did not acquire Standard's Internet and satellite radio assets, nor its minority interests in various other radio stations. The transaction was finalized on October 29, 2007, and Standard changed its name to Slaight Communications the following day. Current assets After selling its Standard Radio assets to Astral Media in October 2007, Slaight Communications remained the owner and operator of Internet radio portal Iceberg Radio, which was subsequently also sold to Astral in a separate transaction. The company is still a partner, along with Canadian Satellite Radio Holdings, Sirius XM Radio and the Canadian Broadcasting Corporation, in Sirius XM Canada. The company also retained its minority shares in the Haliburton, Milestone and Martz radio groups, although all three groups have since sold off many or all of their assets as well. 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. In 2010, the company invested in Mediazoic, a webcasting software project. Slaight Communications owns a 7.19% stake in Fight Holdings, a minority partner in Anthem Sports & Entertainment. References Juno Award winners Companies based in Toronto 1925 establishments in Ontario Privately held companies of Canada