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CanWest MediaWorks Closes Sale of Radio Stations to Corus Entertainment

C

Cornflake the Destroyer

News Release:

TORONTO, July 30 /CNW/ - CanWest MediaWorks Inc. announced today that it
has completed the sale of its two existing radio stations in Canada, 99.1 Cool
FM (CJZZ) in Winnipeg, Manitoba and 91.5 The Beat FM (CKBT) in Kitchener
Ontario, to Corus Entertainment for an aggregate cash price of approximately
$15 million.
 
KristenNews@10 said:
News Release:

TORONTO, July 30 /CNW/ - CanWest MediaWorks Inc. announced today that it
has completed the sale of its two existing radio stations in Canada, 99.1 Cool
FM (CJZZ) in Winnipeg, Manitoba and 91.5 The Beat FM (CKBT) in Kitchener
Ontario, to Corus Entertainment for an aggregate cash price of approximately
$15 million.
Click to expand...

Acting quickly, Cool is now in auto pilot mode in the basement of Corus's Power 97. All the bodies at Cool have been disposed of.

What will become of Kitchener's Beat? I guess they'll merge with Dave FM. No need to pay rent for two buildings...right?

I just hope they'll at least keep the Beat staff.
 
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