CRTC approves Arsenal Media’s purchase of seven Bell Media radio stations

The CRTC has approved Arsenal Media’s acquisition of seven radio stations and one transmitter in Quebec from Bell Media. The stations involved in the transaction include CFEI-FM Saint-Hyacinthe, CFVM-FM Amqui, CFZZ-FM Saint-Jean-sur-Richelieu, CHRD-FM and CJDM-FM Drummondville, CJOI-FM Rimouski, and CIKI-FM Rimouski and its transmitter CIKI-FM-2 Sainte-Marguerite-Marie. As a standard condition of service, Arsenal is expected to broadcast at least 42 hours of local programming on each station during each broadcast week. The commission’s approval of the transaction, with a proposed value of $8.46 million, requires Arsenal to contribute to the Canadian broadcasting system by paying tangible benefits totalling $507,684, to be paid...