Second Bidder Emerges For Corus Quebec Stations
June 9, 2010 at 4:31 AM (PT)
The sale of eleven CORUS ENTERTAINMENT stations in QUEBEC to COGECO has drawn a second, higher bid. NICOLAS TETRAULT and PAUL TIETOLMAN's T&T MEDIA has offered C$81 million for the stations, more than COGECO's C$81 million bid, and are also interested in making a separate bid for French Oldies CKRS (SOUVENIRS GARANTIS)/SAGUENAY to the deal, a station left out of the COGECO transaction.
The CORUS stations being sold include French Sports CKAC-A, French Hot AC CKOI, AC CFQR (THE Q 92.5), French Hot AC CFEL (102.1 CKOI) and French Oldies CFOM (SOUVENIRS GARANTIS)/QUEBEC CITY, French Oldies CHLT (SOUVENIRS GARANTIS) and French Active Rock CKOY/SHERBROOKE, French Oldies CJRC (104.7 SOUVENIRS GARANTIS)/GATINEAU-OTTAWA, French Hot AC CIME/ST. JEROME, and French Oldies CHLN (106.9 SOUVENIRS GARANTIS)/TROIS RIVIERES.