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 in equal installments over seven consecutive broadcasting years.
