Cable / Telecom News

UPDATED: CRTC vets Corus’ radio buy; limits potential for “anti-competitive behaviour”

OTTAWA – Corus Entertainment’s purchase of Ottawa-based radio stations CKQB-FM (The Bear 106.9) and CJOT-FM (Boom 99.7) from Bell Media will close on January 31st , Corus confirmed Tuesday.Formerly owned by Astral, Corus agreed to buy the stations last March as part of the divestitures required as conditions of Bell Media’s purchase of Astral Media.  The deal received CRTC approval late last week. Corus has established a Montreal-based management team led by Mario Cecchini, president of Corus Média and head of Eastern Ontario tadio and television. In addition to overseeing Corus' Quebec-based specialty services, Cecchini will now be responsible for Corus' eastern Ontario radio and local television stations, including...