Rogers Media approved to buy second Medicine Hat radio station

OTTAWA – The CRTC has given the all clear to Rogers Media to proceed with its proposed acquisition of Medicine Hat station 102.1 CJCY from Clear Sky Radio for $4 million.Currently, CJCY-FM (102.1 CJCY Classic Hits) serves communities in the southeastern area of Alberta, including Medicine Hat, Redcliff, Dunmore, Seven Persons and Bow Island. Rogers Media also owns CKMH-FM (105.3 ROCK) in Medicine Hat. The Commission said Thursday that it has determined that the transaction is in the public interest, though increased the tangible benefits package to $247,183 (Rogers had proposed of $240,000), which it said equates to 6% of the value...