Cogeco, Corus finalize radio sale

TORONTO and MONTREAL – The sale of Corus’ Quebec radio stations to Cogeco Inc. was completed on Tuesday as planned, the companies announced.Cogeco acquired Montreal stations CKAC-AM, CFQR-FM, CHMP-FM, CKOI-FM and regional stations CFEL-FM and CFOM-FM in Quebec City, CHLN-FM in Trois-Rivieres, CHLT-FM and CKOY-FM in Sherbrooke, CIME-FM in St-Jerome and CJRC-FM in Ottawa-Gatineau.To comply with the CRTC’s decision and the common ownership policy limiting the number of FM radio stations that can be operated by any one owner in a given market, Cogeco confirmed that it will sell the two FM stations in Quebec City, plus 104.5 FM in the Sherbrooke market. The three stations’ day-to-day...