CRTC approves, mostly, of Cogeco's purchase of Corus' Quebec radio stations

OTTAWA-GATINEAU – The CRTC has given Cogeco the green light to move forward with its acquisition of Corus Entertainment’s Quebec radio stations.Friday’s decision included approval of Cogeco’s request for an exception to allow it to maintain a third FM station featuring a talk-radio format in the Montreal market, in addition to the two permitted by the common ownership policy. However, the CRTC refused Cogeco's request to transform the CKOY-FM Sherbrooke station into a rebroadcasting transmitter of CKAC-AM Montréal, saying this would result “in the loss of a local voice in the Sherbrooke market”. It has asked Cogeco to divest itself of CKOY-FM...