TORONTO – Rogers Communications will grow its western presence, assuming its $39.8 million purchase agreement with OK Radio passes the regulatory test.
As originally reported here by Cartt.ca, the two companies have been negotiating for some time.
OK Radio’s Alberta stations include CHDI-FM (Radiosonic FM – modern rock) and CKER-FM (World FM – multicultural) in Edmonton, CJOK-FM (Country 93.3); CKYX-FM (A/C) and its transmitter CJOK-FM-1 in Fort McMurray; and CFGP-FM (Sun FM) Grande Prairie and its transmitters CFGP-FM-1 Peace River and CFGP-FM-2 Tumbler Ridge.
OK also owns 100.3 the Q (rock) and The Zone 91.3 (modern rock) in Victoria, B.C. but those stations, as previously reported, were sold to Pattison Broadcasting in May. The purchase price for those two is $15.7 million.
OK’s principals, Roger Charest and Stu Morton have chosen to retire.
Both deals will face the Commission in a non-appearing hearing on September 11th. The benefits package for both transactions will be about $3.5 million.
