TORONTO, ONTARIO and MONTREAL, QUEBEC, CANADA, Feb. 1, 2011 (Marketwire) --
Corus Entertainment Inc. (TSX:CJR.B) and COGECO Inc. (TSX:CGO) announced today that the sale of Corus' Quebec radio stations to Cogeco Inc. has been completed effective February 1, 2011.
COGECO acquired Montreal stations CKAC-AM, CFQR-FM, CHMP-FM, CKOI-FM and regional stations CFEL-FM and CFOM-FM in Quebec City, CHLN-FM in Trois-Rivieres, CHLT-FM and CKOY-FM in Sherbrooke, CIME-FM in St-Jerome and CJRC-FM in Ottawa-Gatineau.
COGECO has confirmed that it will divest two FM radio stations in the Quebec City market CFEL-FM and CJEC-FM and one FM station in the Sherbrooke market (Radio Sherbrooke 104.5 FM).
The Canadian Radio-television and Telecommunications Commission approved the sale on December 17, 2010.
COGECO is a diversified communications company. Through its Cogeco Cable subsidiary, COGECO provides its residential customers with Audio, Analogue and Digital Television, as well as HSI and Telephony services using its two-way broadband cable networks. Cogeco Cable also provides, to its commercial customers, through its subsidiary Cogeco Data Services, data networking, e-business applications, video conferencing, hosting services, Ethernet, private line, VoIP, HSI access, data storage, data security and co-location services and other advanced communication solutions. Through its Cogeco Diffusion subsidiary, COGECO owns and operates radio stations CFGL-FM (Rythme FM Montreal), CKOI-FM, CHMP-FM (98,5), CFQR-FM and CKAC-AM in Montreal, CJMF-FM (FM 93) and CFOM-FM in Quebec, CJRC-FM in Ottawa-Gatineau, CIME-FM in Saint-Jerome, CFGE-FM (Rythme FM Sherbrooke) and CKOY-FM (formerly CHLT-FM) in Sherbrooke, CJEB-FM (Rythme FM Trois-Rivieres) and CHLN-FM in Trois-Rivieres. COGECO's subordinate voting shares are listed on the Toronto Stock Exchange (TSX:CGO). The subordinate voting shares of Cogeco Cable are also listed on the Toronto Stock Exchange (TSX:CCA).
About Corus Entertainment Inc.
Corus Entertainment Inc. is a Canadian-based media and entertainment company. Corus is a market leader in specialty television and radio with additional assets in pay television, television broadcasting, children's book publishing and children's animation. The Company's multimedia entertainment brands include YTV, Treehouse, Nickelodeon (Canada), W Network, OWN: Oprah Winfrey Network (Canada), CosmoTV, Sundance Channel (Canada), Movie Central, HBO Canada, Nelvana, Kids Can Press and radio stations including CKNW AM 980, 99.3 The FOX, Country 105, 630 CHED, Q107 and 102.1 the Edge. Corus creates engaging branded entertainment experiences for its audiences across multiple platforms. A publicly traded company, Corus is listed on the Toronto Stock Exchange (CJR.B). Experience Corus on the web at www.corusent.com.