CRTC grants Newcap’s proposed buy of two New Glasgow radio stations

Deal to close after completion of Stingray acquisitionOTTAWA and DARTMOUTH – The CRTC has approved Newcap Radio’s purchase of two FM radio stations in New Glasgow, NS from Hector Broadcasting for $2.7 million.The two stations are English-language commercial radio programming undertakings CKEC (AC, 94.1 FM) and CKEZ (Classic Rock, 97.9 FM).Newcap said in a statement that the deal is expected to close after its own purchase by Stingray Digital Group has wrapped up, which is expected within the next three to six months.The Commission said Thursday that it has determined that transaction would benefit the broadcasting system and the population...