My Broadcasting Corporation announced today that it has agreed to an agreement to acquire two radio stations in Welland, Ontario from Wellport Broadcasting Limited/RB Communications Ltd. The Acquisition will include market leading GIANT FM (CIXL-FM) and Country 89 (CKYY-FM).
“We are very excited to announce the acquisition of these radio stations, particularly CIXL‐FM, one of Ontario’s most respected and highest‐performing Classic Rock stations. Combined with our existing portfolio and significant presence across Ontario, we believe these assets will enhance our ability to deliver high quality, engaging, local content and multi‐platform marketing solutions,” commented MBC President Jon Pole. “This strategic acquisition demonstrates our continuing commitment to investing in our local media business and more importantly a great LOCAL radio team. We look forward to continuing to build on an already amazing operation.”
Financial terms of the transaction, which awaits CRTC approval, have not been disclosed.