CanWest MediaWorks to sell radio stations to Corus

15 million deal is aimed at gaining sufficient presence in the Canadian radio market to achieve competitive economies of scale.

If the CRTC bestows its blessings, CanWest MediaWorks will sell its two existing radio stations in Canada – 99.1 Cool FM in Winnipeg and 91.5 The Beat FM in Kitchener, Ontario – to Corus Entertainment for an aggregate cash price of approximately $15 million.