[IRCA] A radio behemoth rises

["Mike Brooker" <aum108@xxxxxxxxxxx>]

A radio behemoth rises
TAVIA GRANT

Globe and Mail Update

Astral Media Inc. clinched a long-awaited deal Thursday to buy Standard
Radio Inc. for $1.08-billion, creating the largest radio broadcaster in
Canada.

The Montreal-based broadcaster signed a letter of intent to buy Standard
in February. Astral's purchase of 52 privately held AM and FM stations
that make up the Toronto-based Standard empire will create a radio empire
with 81 stations.

full article:
http://tinyurl.com/34tv5c

Standard's Toronto flagship is CFRB-1010.


73

Mike Brooker
Toronto, ON
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