CFOB Owners Add New Stations

Owners of CFOB are adding to their chain of radio stations in northwestern Ontario.

Acadia Broadcasting has reached a deal to purchase Thunder Bay stations CKTG-FM The Giant 105.3, and CJUK-FM Magic 99.9 from Newcap for 4-point-5 million dollars, plus working capital.

Vice president Jim MacMullin says the two stations will be a great addition to its existing ones in Fort Frances, Kenora and Dryden.

“We are pleased to have reached an agreement with Newcap to purchase these two FM radio stations," says MacMullin. "We will continue with Newcap’s tradition of providing quality local radio services to the Thunder Bay community.”

The deal is subject to approval from the Canadian Radio-television and Telecommunications Commission and is set to close at the end of this year.