The CRTC has approved Acadia Broadcasting Limited’s purchase of CIGO-FM Port Hawkesbury, NS from MacEachern Broadcasting Limited.
Acadia filed an application with the CRTC to acquire 101.5 The Hawk in January.
“It’s an exciting time for our company. We are extremely pleased to announce CIGO will soon be a member of the Acadia group of stations. CIGO’s approach to local programming and community focus aligns well with Acadia’s mission, vision and culture. We look forward to working with the strong team at CIGO in the coming weeks and months,” Chris Pearson, president, Acadia Broadcasting, said in a press release. “Listeners in Inverness, Richmond, Antigonish and Guysborough Counties can expect a continued commitment to high-quality local news and programming.”
The transaction is valued at $1,363,700, including $81,822 in tangible benefits.
CIGO was first established in 1975 as 1410 CIGO AM, before converting to 101.5 on the FM band in April 2000. It has been owned by Robert and Brenda MacEachern since 1993.
With the addition of CIGO-FM, Acadia will own and operate 15 stations across
New Brunswick, Nova Scotia and Ontario.
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