RADIO: Why it doesn’t look like new AM stations will be launched in Montreal

MONTREAL – Five years ago, during a surprisingly competitive CRTC process to award new commercial AM radio stations in Montreal, one independent group burst onto the scene with grand promises to revolutionize the industry. Within two years, the three investors had acquired three licences for AM talk stations and the industry was filled with hope of new jobs and new alternatives to incumbent stations owned by major corporations.But five years later, the group has nothing to show for it. It has already lost one of its three licence authorizations, and in November will lose the other two if it doesn’t...