TORONTO and MONTREAL – The sale of Corus’ Quebec radio stations to Cogeco Inc. was completed on Tuesday as planned, the companies announced.
Cogeco acquired Montreal stations CKAC-AM, CFQR-FM, CHMP-FM, CKOI-FM and regional stations CFEL-FM and CFOM-FM in Quebec City, CHLN-FM in Trois-Rivieres, CHLT-FM and CKOY-FM in Sherbrooke, CIME-FM in St-Jerome and CJRC-FM in Ottawa-Gatineau.
To comply with the CRTC’s decision and the common ownership policy limiting the number of FM radio stations that can be operated by any one owner in a given market, Cogeco confirmed that it will sell the two FM stations in Quebec City, plus 104.5 FM in the Sherbrooke market. The three stations’ day-to-day management was transferred to a trustee pending their sale.
Cogeco also named Richard Lachance as SVP of Radio for Cogeco Diffusion Inc. where he will be responsible for Cogeco’s Quebec radio operations, including its 13 stations.
After joining Cogeco in 1999, Lachance was most recently VP Radio, and GM of the Rythme FM network and 93.3 at Cogeco Diffusion.
