Wednesday, December 2, 2009

Radio Stations Sale Approved


Two Thunder Bay radio stations are about to become part of the Northwoods Broadcasting family.

The CRTC gave approval today to the sale of Newcap-owned Magic 99.9 and the Giant to Acadia Broadcasting, Northwoods parent company and owners of CFOB.

The stations will join the company's existing stations in Kenora, Dryden as well Fort Frances and those in the Maritimes.

The deal, worth about $4.5-million, is expected to close within the next thirty days.