Waters: CHUM Ltd. Not For Sale
December 15, 2005 at 5:24 AM (PT)
Chairman JIM WATERS denied talk that CHUM LTD. may be for sale after the death of his father, company founder ALLAN WATERS. At the company's shareholders' meeting, WATERS said that his father "worked extremely hard all his life to build up this great company and I know that it was his wish that all of us would participate in the company and to carry it in after he was gone, and that is our intention... We have absolutely no plans to sell CHUM."
In addition, former SONY MUSIC CANADA President DENISE DONLON has been named to the Board of Directors of CHUM LTD. DONLON, who was honored with the Order of CANADA last year, has most recently co-produced the CANADIAN portion of LIVE 8 and was an organizer of the CBC's tsunami relief TV special.
We have absolutely no plans to sell CHUM
And the subscription digital radio service CHUM proposed in competition with XM CANADA and SIRIUS CANADA is apparently not dead yet, as CEO JAY SWITZER tells the GLOBE AND MAIL that CHUM is asking the CRTC to allow it to import channels from the U.S. and elsewhere for its terrestrial digital service. "We still have a very pro-Canadian, CANADA-first platform," SWITZER says, "but we're looking for some flexibility..." The company plans to "pair up some completely Canadian channels with some imported channels, which we hadn't originally asked for," SWITZER adds.