CRTC releases rationale for approval of Montreal radio station sale

GATINEAU — Having already approved Leclerc Communication’s acquisition of classical music radio station CJPX-FM Montreal from Media ClassiQ in a decision earlier this month, the CRTC released its detailed rationale for the approval on Tuesday. Recently, the Commission has been expediting some of its decisions and following up with releases of its rationales at later dates. In November, Leclerc announced its intention to purchase CJPX-FM Montreal (Radio Classique 99.5) from Media ClassiQ, which is owned and controlled by performing artist and radio broadcaster Gregory Charles, in a transaction that has been valued as $4.89 million, according to the CRTC’s Broadcasting...