The CRTC will hold a virtual hearing July 10 on an application from Vista Radio to acquire Golden West Broadcasting’s English-language commercial radio station CJGY-FM in Grande Prairie, Alberta, and its transmitters CJGY-FM-1 Fort St. John and CJGY-FM-2 Dawson Creek, B.C.
CJGY-FM, currently operating as Christian radio format station Reach 96.3 FM, would be the second station owned by Vista Radio in the Grande Prairie market, where it already operates pop radio station CFRI-FM (104.7 2Day FM).
Vista Radio has proposed a total value of the transaction of $1.53 million, with a tangible benefits package of $98,000 (representing 6.4 per cent of the transaction’s stated value) that it wants directed exclusively to the British Columbia Institute of Technology’s Diploma in Radio Arts and Entertainment. If the CRTC denies this exception to its tangible benefits policy, Vista Radio proposes a tangible benefits package of 6 per cent of the stated value of the transaction, to be allocated to the customary funds prescribed in the commission’s policy.
Interventions to Vista Radio’s application are due by June 6.
