DARTHMOUTH, N.S. – Newcap Inc., announced today that the CRTC has approved its $2.3 million purchase of CJUK-FM, Magic 99.9, from Big Pond Communications Inc. of Thunder Bay, Ontario.
This transaction is expected to close May 30, 2005. Newcap signed the purchase agreement last June.
“We have had a presence in Thunder Bay for over 15 years," said Rob Steele, president and CEO, in a release. "The purchase of Magic 99.9 will perfectly compliment our existing station, CKTG-FM, The Giant."
Thunder Bay is the largest metropolitan city in Northwestern Ontario and represents an important commercial base for NCC’s penetration into Ontario, added the company.
