MONTREAL – Stingray Radio has agreed to purchase CIXL-FM Welland, Ont. (Giant FM) and CKYY-FM Welland (Country 89) from R.B. Communications in a transaction valued at $6,868,940.The acquisition must first be approved by the CRTC, which will hear the application in December. Stingray proposes a tangible benefits package of $412,136 to go with the transaction.
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