The Canadian Radio-television Telecommunications Commission has approved a purchase agreement between Acadia Broadcasting Limited, (the parent company of this radio station) and Evanov Communications Inc. for two of Evanov’s Halifax based radio stations.
The Commission announced its decision on the approval of the sale, Monday.
Chris Pearson, the president of Acadia Broadcasting Limited said he was pleased to get the confirmation on the decision from the CRTC on the authority to acquire both stations, a decision that increases Acadia’s presence in Nova Scotia where the company currently owns CKBW and CJHK in Bridgewater, CJLS in Yarmouth and CIGO in Port Hawkesbury.
“We are excited to bring our quality approach to local programming to Halifax and the surrounding area. We thank Evanov Communications for providing us with the opportunity to serve the tenth largest radio market in the country.” said Pearson in a release.
CKHZ-FM first went on air in August 2006 after Evanov won a competitive process for a new radio licence in the Halifax area from the Canadian Radio-television and Telecommunications Commission (CRTC).
CKHY-FM started broadcasting in October 2010, becoming Evanov’s second Halifax-based station.
In a statement Monday, Paul Evanov, the president and CEO of Evanov Communications said his company was delighted with the approval of this transaction between two independent broadcasters.
“It will result in Acadia having a larger footprint and role in the local Halifax area while allowing our company to deploy resources into growing our business in other markets. It’s a win-win for our listeners and our system,” said Evanov.
In addition to its Nova Scotia stations, Acadia also owns four stations in New Brunswick, CHWV and CHSJ in Saint John, CHTD in St. Stephen and CKNI in Moncton.
The company also owns seven stations in Ontario, CJRL in Kenora, CKDR in Dryden, CKDR-2 in Sioux Lookout, CKDR-5 in Red Lake, CFOB in Fort Frances, and CJUK and CKTG in Thunder Bay.
Acadia Broadcasting Limited is part of the Ocean Capital Group.
