Ottawa, Ontario – September 18, 2024.
In a joint statement today, GO FM and Evanov Communications Inc. (ECI) announced an agreement for the transfer of the assets of CHRC-FM in Clarence-Rockland and CKHK-FM in Hawkesbury, currently owned by ECI. After thorough consideration and analysis earlier this month, ECI had expressed its intent to close these stations if a suitable buyer could not be found.
Following a comprehensive evaluation of potential buyers capable of ensuring operational
continuity, ECI chose GO FM. Both CHRC-FM and CKHK-FM stations will continue to serve the anglophone communities.
Paul Evanov, President and CEO of ECI, stated, "I am so pleased that we were able to work out mutually beneficial terms. This agreement ensures that the two stations will continue to serve their respective communities without interruption and remain truly local stations."
Mathieu Manning, General Manager of GO FM, highlighted the impact of the acquisition: “Local, local, local. That’s how we grew GO FM from 5,000 to 50,000 listeners weekly—by focusing on local news and conversations that matter to the community. We’re excited to bring this same approach to these stations, restoring local programming and making them true cornerstones of their communities once again."
“This acquisition is a unique chance to diversify our revenue, optimize resources, and reinvest in our mission. We’re eager to build initiatives that unite the region’s francophone and anglophone communities, strengthening collaboration and community ties.”
Both radio entities have already begun drafting a purchase/sale agreement for the transfer of assets and will soon submit applications to the CRTC for approval of the transaction.
Commentaires