Global Traffic Network Buys Canada's Wise
April 10, 2007 at 5:46 AM (PT)
International traffic report producer GLOBAL TRAFFIC NETWORK is buying TORONTO's WISE BROADCASTING NETWORK INC. for about C$400,000. WISE feeds traffic, weather, sports, and business news updates to over 40 stations across CANADA.
WISE CEO BART MURPHY said, "We had reached a point where continued growth meant looking for more resources. Teaming up with GTN allows us the resources to grow not only the radio affiliate base of our information services (traffic, weather, sports, and business news), but also the technology and resources to expand on the out-of-home and digital front. I look forward to working with the GTN team and growing our business together."