The CRTC has approved two radio ownership transactions that will see Stingray Radio acquire C97.7 (CHUP-FM) Calgary from Rawlco Radio, and Rawlco subsequently take over 92.9 The Bull (CKBL-FM) in Saskatoon.
C97.7, with a proposed purchase price of $6.1M, currently airs a “90s & Now” Hits format. Solidifying Stingray’s position as the largest radio station operator in the country, bringing its number of stations to 97, CHUP-FM joins the company’s two other signals in the market, 90.3 AMP Radio (CKMP-FM) and XL 103 (CFXL-FM).
The divestiture sees Rawlco exit Alberta. Its acquisition from Saskatoon Media Group, meanwhile, is valued at $5.075M.
92.9 The Bull currently carries a Country format and joins Rawlco’s other stations in the market – C95 FM (CFMC-FM), which airs a Hot AC format; Active Rocker ROCK 102 FM (CJDJ-FM); and news/talk/sports station 650 CKOM (CKOM-AM).
The transaction leaves Saskatoon Media Group with just two remaining stations – Classic Hits station 98COOL (CJMK-FM) and Country 600 CJWW. Saskatoon Media Group is owned by Golden West Broadcasting CEO Elmer Hildebrand, but its holdings are separately maintained.
At Broadcast Dialogue®, we are committed to delivering industry-leading insights, news, and analysis directly to your inbox—completely free of charge.
By providing full / accurate information, you are helping us sustain Broadcast Dialogue® as a free resource. In return, we commit to delivering high-quality content that keeps you informed on the latest trends, technology, and news shaping the broadcast landscape—at no cost to you.
The Weekly Briefing from Broadcast Dialogue® is delivered exclusively to our subscribers by email every Thursday.