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CRTC Approves Sale Of Thunder Bay Pair By Newcap
December 2, 2009 at 12:37 PM (PT)
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Approves
NEWCAP has received CRTC approval for the sale of Classic Rock CKTG (THE GIANT 105.3) and Hot AC CJUK (MAGIC 99.9)/THUNDER BAY, ON to ACADIA BROADCASTING LTD. subsidiary NORTHWOODS BROADCASTING LTD. for C$4.5 million plus working capital of about $370,420.
The sale was originally announced JULY 14th and is expected to close within the next 30 days.
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