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Rogers Media Signs Agreement with Clear Sky Radio Inc. to Acquire Medicine Hat Station, 102.1 CJCY

Rogers Media announced that it has entered into an agreement with Clear Sky Radio Inc. to acquire the radio broadcasting licence CJCY-FM (102.1 CJCY Classic Hits). The FM music brand services communities in Southeast AB, including Medicine Hat along with Redcliff, Dunmore, Seven Persons and Bow Island. Closing of the transaction is expected to occur in the coming months, and is subject to approval from the CRTC.

CJCY-FM will join Rogers station CKMH-FM (105.3 ROCK) in Medicine Hat, rounding out the company's radio portfolio of 55 stations across the country.
 

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Notice of hearing - 31 May 2018

Pursuant to the asset purchase agreement, Rogers would purchase the assets of the undertaking for $4,000,000. The applicant proposed a value of the transaction in the same amount and a tangible benefits package of $240,000, which is equal to 6% of the value of the transaction.

Source: https://crtc.gc.ca/eng/archive/2018/2018-106.htm#bm9
 
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