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A group called Local Radio Lab is seeking to take over CIMA-FM Alliston, CJML-FM Milton and CKMO-FM Orangeville from MyFM for just under $3 million. The CRTC will be considering the ownership transfer at its next hearing the week of May 27th.
Three Local MyFMs Up For Sale
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RadioActive wrote:
A group called Local Radio Lab is seeking to take over CIMA-FM Alliston, CJML-FM Milton and CKMO-FM Orangeville from MyFM for just under $3 million. The CRTC will be considering the ownership transfer at its next hearing the week of May 27th.
Three Local MyFMs Up For Sale
It sounds like MyFM is unloading quite a few of its stations - I believe they had made a similar announcement about some other stations closer to Lake Huron recently.
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Sold four... bought one.
Press release says it's a move for future acquisitions.
Sounds like they have a plan.
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RadioQuiz wrote:
Sold four... bought one.
Press release says it's a move for future acquisitions.
Sounds like they have a plan.
This is interesting. Wonder if they are planning to get into a few medium or larger markets? Corus still has stations for sale.
paterson1 wrote:
RadioQuiz wrote:
Sold four... bought one.
Press release says it's a move for future acquisitions.
Sounds like they have a plan.This is interesting. Wonder if they are planning to get into a few medium or larger markets? Corus still has stations for sale.
They would have to deliver a different product in competitive markets. Talking about lunch at the local Lions Club hall won't cut it in markets where people expect entertainment value.
Last edited by Prod Guy (March 23, 2021 3:04 am)