CJEC-FM and CFEL-FM up for sale in Québec City
PRESS RELEASE
For immediate release
Control and day-to-day management of CJEC-FM and CFEL-FM transferred to trustee
CJEC-FM and CFEL-FM up for sale in Québec City
Montréal, February 1, 2011 – Following the closing of the transaction to purchase the Québec
radio stations of Corus Entertainment Inc. (Corus), COGECO Inc. (TSX: CGO) announced that the
control and day-to-day management of CJEC-FM and CFEL-FM in the Québec City radio market
were transferred to a trustee effective today in accordance with the terms of a voting trust
arrangement approved by the Canadian Radio-television and Telecommunications Commission
(CRTC) on December 17, 2010.
In connection with its request for CRTC approval of its transaction, COGECO agreed to divest two
of the four radio stations it would own in Quebec city if the CRTC approved the transaction within
12 months of a favourable CRTC decision. The CRTC required that COGECO entrust control and
the day-to-day management of the two stations to be divested to a trustee.
The trustee, Mr. Fernand Belisle, will manage CJEC-FM Québec City and CFEL-FM Lévis/Qu ébec
City effective February 1, 2011, and oversee operations in the normal course of business while
beginning the sale process for these two stations. Interested parties should contact the trustee
directly at 819-743-6613.
ABOUT COGECO
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 Montréal), CKOI-FM, CHMP-FM (98,5), CFQR-FM and
CKAC-AM in Montréal, CJMF-FM (FM 93) and CFOM-FM in Québec, CJRC-FM in Ottawa-
Gatineau, CIME-FM in Saint-Jérôme, CFGE-FM (Rythme FM Sherbrooke) and CKOY-FM
(formerly CHLT-FM) in Sherbrooke, CJEB-FM (Rythme FM Trois-Rivières) and CHLN-FM in Trois-
Rivières. COGECO’s subordinate voting shares are listed on the Toronto Stock Exchange (TSX:
CGO). The subordinate voting shares of Cogeco Cable are also listed on the Toronto Stock
Exchange (TSX: CCA).
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Information: Marieke Tremblay
Tel.: 514-764-4700