Rogers Buys Out Partners In Kingston Pair
December 1, 2008 at 5:26 AM (PT)
ROGERS BROADCASTING has increased its stake in K-ROCK 1057 INC., the licensee of Active Rock CIKR (K-ROCK 105.7 FM) and Country CKXC (KIX COUNTRY 93.5 FM)/KINGSTON, ON to 100%, subject to CRTC approval.
"This is a great opportunity for ROGERS to expand our presence in KINGSTON, a market in which we've been involved since 2000," said ROGERS CEO, Radio PAUL SKI. "K-ROCK has led the KINGSTON market because of its strong bond with listeners, advertisers and community organizations. We look forward to building on this success and continuing the strong local profile of both radio brands."
"ROGERS has been our partner right from the beginning. We've worked closely together to build the K-Rock brand by 'making a difference' in our community," added K-ROCK 1057 INC. President JOHN WRIGHT. "When we made the decision to sell our interest, ROGERS was the natural choice."