Newcap and Rogers Broadcasting swap stations

DARTMOUTH - Newcap and Rogers Broadcasting Limited have agreed to exchange radio stations subject to approval from the CRTC. Newcap will exchange its CFDR AM broadcast licence in Halifax, Nova Scotia and receive in return Rogers' CIGM AM licence in Sudbury, Ontario and $5.0 million. Both parties have simultaneously submitted applications for this transfer of assets along with applications requesting conversion of the AM licences to FM. "If approved by the CRTC, this transaction will improve service to the public with superior FM quality signals in both Halifax and Sudbury. We have owned CFDR for over 20 years, and while...