Acadia Broadcasting has filed an application with the CRTC to acquire CIGO-FM, Port Hawkesbury, NS.
Owned by MacEachern Broadcasting Limited, the station operates as 101.5 The Hawk. It was first established in 1975 as 1410 CIGO AM, before moving to the FM band in 2000.
“It’s exciting news for both companies,” Chris Pearson, president, Acadia Broadcasting, said in a press release. “Both Acadia and MacEachern are broadcasters with long histories of providing consistent, high quality local content in the communities each operate in. We
see this as a strong cultural fit and we look forward to offering our combined strengths
to our audiences and advertisers.”
Headquartered in Saint John, NB, acquiring CIGO-FM would bring Acadia’s broadcasting licence count to 15 across New Brunswick, Nova Scotia and Ontario.
Elsewhere, Stingray Radio has entered into an agreement to acquire the assets of CHOO-FM Drumheller, AB, from Golden West Broadcasting, subject to CRTC approval.
“The acquisition of CHOO-FM offers an excellent opportunity for Stingray to add an FM station in Drumheller that will perfectly complement our Real Country-branded CKDQ-AM,” commented Ian Lurie, President, Radio Operations. “The stations, under one ownership, can now focus on best serving listeners and clients in a small market environment where resources are challenged.”
Financial terms of the transaction have not been disclosed. If approved, closing is expected to take place mid-2019.
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