Corus to buy two radio stations from CanWest
Corus Entertainment of Toronto has reached an agreement with CanWest MediaWorks to purchase two radio stations for a total of approximately $15 million. The stations are CJZZ 99.1 Cool FM in Winnipeg and CKBT 91.5 The Beat in Kitchener, ON. “Corus Entertainment is committed to strengthening our radio presence in major markets,” said John Cassaday, president and CEO of Corus Entertainment. “The addition of these two stations is consistent with our growth strategy and provides companion stations for our heritage news-talk station CJOB and rock station Power 97 in Winnipeg and DAVE-FM in Kitchener.” The transaction is subject to approval by the Canadian Radio-television and Telecommunications Commission.