Cogeco to buy Corus' Quebec radio stations for $80 million

TORONTO and MONTREAL – Corus Radio is officially exiting the Quebec radio market.The company said this morning it has reached an agreement with Cogeco Inc. for Cogeco to purchase the Corus Quebec radio stations: Montreal French (CKOI 96,9, 98,5, CKAC Sports – including CKAC’s digital licence), Montreal English (The Q 92.5), Quebec City (102,9 Souvenirs Garantis, CKOI 102,1), Gatineau (104,7 Souvenirs Garantis), Sherbrooke (107,7 Souvenirs Garantis, CKOI 104,5), Trois-Rivières (106,9 Souvenirs Garantis), St-Jérôme (CIME 103,9) for approximately $80 million. The transaction is subject to regulatory approval. “Corus Entertainment has made the strategic decision to divest of its Corus Quebec radio...