Rogers and Larche swap stations

TORONTO - Larche Communications and Rogers Communications today announced a swap of two Ontario radio stations. Larche, which already operates another station in central Ontario, agreed to acquire CICX FM Orillia (105.9 Jack FM), from Rogers while RCI bought Larche's 50% ownership of CIKZ FM (The Beat 91.5) in Kitchener. (CanWest owns the other half of the station, but announced in October it was selling its two Canadian radio assets to Corus Entertainment. The Commission has not yet made a determination on that sale.)Financial terms of today's deals were not disclosed. "This swap makes great strategic sense for our company,"...