CRTC approves sale of Newcap's CHFT-FM in Fort McMurray to Harvard

DARTMOUTH, NS - Newcap has received CRC approval to sell CHFT-FM in Fort McMurray, AB to Harvard Broadcasting Inc. This transaction, reported by Cartt.ca last July, is expected to be completed within the next 30 days. Financial terms of the deal were not disclosed. Fort McMurray’s radio market includes competitor Rogers, which owns Country 93.3 FM and Rock 97.9 FM. CHFT-FM, which operates as K-Rock 100.5 in Fort McMurray, will join Harvard’s Mix 103.7 FM station in that market. "This was a unique situation in a market where two stand-alone stations, Newcap's and Harvard's, were up against a competitor with...