UPDATE: Astral cries foul over Cogeco's third radio station exemption; Cogeco vows fight

MONTREAL – Astral Radio is appealing the CRTC’s decision to allow Cogeco to maintain a third radio station in the Montreal market, claiming the move “disrupts the competitive equilibrium”.In a motion filed with the Federal Court of Appeal on Tuesday, Astral called the decision “prejudicial”, and said that it “puts an end to nearly twelve years of consistent application” of the common ownership policy. The common ownership policy limits ownership to two FM stations of the same language in a market. The Commission let Cogeco keep a third FM station in Montreal as part of its overall approval of Cogeco's plan to purchase of Corus’ Quebec radio assets."The sudden lack of predictability in the...