Corus unveils AM radio plans at CRTC hearings

At the CRTC hearings into the planned asset swap between Astral Media and Corus Entertainment that would give Corus ownership of the six stations in the Radiomédia network, Corus presented details of its plan to breathe new life into AM radio in Quebec. French-language AM radio stations in Canada dropped from 27 to 16 between 1997 and 2003. In addition, the Radiomédia network has been managed through a trusteeship for three years and has run up deficits. Corus plans to create a strong Quebec voice with news at the core with a new entity, Corus News.

At the CRTC hearings into the planned asset swap between Astral Media and Corus Entertainment that would give Corus ownership of the six stations in the Radiomédia network, Corus presented details of its plan to breathe new life into AM radio in Quebec. French-language AM radio stations in Canada dropped from 27 to 16 between 1997 and 2003. In addition, the Radiomédia network has been managed through a trusteeship for three years and has run up deficits. Corus plans to create a strong Quebec voice with news at the core with a new entity, Corus News.

If the CRTC approves the transaction, Corus Quebec will acquire seven AM stations and one FM station: CKAC Montreal, CHRC Quebec City, CKRS Saguenay, CHLN Mauricie, CHLT Estrie, CKTS Sherbrooke, CJRC Outaouais, and CFOM-FM Quebec City. In return, it will cede five FM stations to Astral Media: CJOI-FM Rimouski, CIKI-FM Rimouski, CFVM-FM Amqui, CFZZ-FM Saint-Jean-sur-Richelieu, and CJDM-FM Drummondville. In addition to radio stations, Corus also owns specialty TV nets and children’s program producer Nelvana.

http://www.corusent.com/

http://www.crtc.gc.ca/eng/welcome.htm