MONTREAL – Stingray subsidiary Stingray Radio is buying CHOO-FM in Drumheller, AB from Golden West Broadcasting. Financial terms of the deal were not disclosed.
The AC station is branded as 99.5 Drum FM. The transaction is scheduled to close in mid-2019 pending 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,” said Stingray’s radio operations president Ian Lurie, in the news release. “The stations, under one ownership, can now focus on best serving listeners and clients in a small market environment where resources are challenged.”
As a result of its $506 million acquisition of Newfoundland Capital Corporation last year, Stingray operates more than 100 radio stations across Canada.
