MONTREAL, QUEBEC--(Marketwire - Feb. 1, 2011) - To comply with the December 17, 2010 decision of the Canadian Radio-television and Telecommunications Commission (CRTC) and the common ownership policy limiting the number of FM radio stations that can be operated by any one owner in a given market, COGECO Inc. (Toronto:CGO.TO) confirmed that it will be required to divest the FM station broadcasting on frequency 104.5 MHz in Sherbrooke by December 16, 2011. The name of this station is now Radio Sherbrooke inc. and its official call sign is CJTS-FM.
Due to today's closing of the transaction to purchase the Corus Quebec radio stations and pending the sale of Radio Sherbrooke inc., the "Souvenirs garantis" musical sound has moved to 104.5 FM, while the "CKOI" musical sound is now on 107.7 FM. Listeners in the Eastern Townships may immediately find their favourite music station by tuning in to the corresponding FM frequency.
COGECO announces that control and the day-to-day management of Radio Sherbrooke inc. (CJTS-FM 104.5 MHz) is transferred to a trustee effective February 1, 2011 under the terms of a voting trust arrangement approved by the CRTC. The trustee, Mr. Fernand Belisle, will manage radio broadcasting undertaking Radio Sherbrooke inc. (CJTS-FM 104.5 MHz) effective immediately, and oversee operations in the normal course of business while beginning the sale process. Interested parties should contact the trustee directly at 819-743-6613.
COGECO is a diversified communications company. Through its Cogeco Cable subsidiary, COGECO provides its residential customers with Audio, Analogue and Digital Television, as well as HSI and Telephony services using its two-way broadband cable networks. Cogeco Cable also provides, to its commercial customers, through its subsidiary Cogeco Data Services, data networking, e-business applications, video conferencing, hosting services, Ethernet, private line, VoIP, HSI access, data storage, data security and co-location services and other advanced communication solutions. Through its Cogeco Diffusion subsidiary, COGECO owns and operates radio stations CFGL-FM (Rythme FM Montreal), CKOI-FM, CHMP-FM (98,5), CFQR-FM and CKAC-AM in Montreal, CJMF-FM (FM 93) and CFOM-FM in Quebec, CJRC-FM in Ottawa-Gatineau, CIME-FM in Saint-Jerome, CFGE-FM (Rythme FM Sherbrooke) and CKOY-FM (formerly CHLT-FM) in Sherbrooke, CJEB-FM (Rythme FM Trois-Rivieres) and CHLN-FM in Trois-Rivieres. COGECO's subordinate voting shares are listed on the Toronto Stock Exchange (Toronto:CGO.TO). The subordinate voting shares of Cogeco Cable are also listed on the Toronto Stock Exchange (TSX: CCA).