Sale of CanWest radio stations to Corus is complete

TORONTO – The CanWest MediaWorks sale of its two Canadian radio stations to Corus has been completed. CanWest says Corus bought 99.1 Cool FM in Winnipeg and The Beat FM in Kitchener for an aggregate cash price of approximately $15 million. As reported by Cartt.ca, CanWest announced last fall it was getting out of the radio business in Canada, saying its failure to get applications for more stations approved by the CRTC meant it could no longer make the radio business work.