COGECO Sells Pair In Quebec City
December 1, 2011 at 3:55 AM (PT)
COGECO DIFFUSION is selling French AC CJEC (RYTHME FM) and French Hot AC CFEL/QUEBEC CITY to LECLERC COMMUNICATION for an undisclosed price. COGECO was required to spin the stations off as part of its acquisition of CORUS' stations in QUEBEC and placed the two stations under the operation of trustee FERNAND BELISLE.
"We are pleased to confirm the sale of the two QUEBEC CITY radio stations, CJEC-FM and CFEL-FM, to the team at LECLERC COMMUNICATION," said COGECO SVP, Radio RICHARD LACHANCE. "Proceedings for the sale of CJTS-FM in SHERBROOKE are continuing." The spinoff of CJTS was also required as a condition of the purchase of the CORUS stations.