Cogeco Diffusion announces the sale of CJEC-FM and CFEL-FM
PRESS RELEASE
For immediate release
Cogeco Diffusion announces the sale of CJEC-FM and CFEL-FM
Montréal, November 30, 2011 – Cogeco Diffusion today announced the sale of two of its four
Québec City region FM radio stations to Leclerc Communication inc. The stations involved in
the transaction are CJEC-FM and CFEL-FM.
The sale of CJEC-FM and CFEL-FM comes as the result of Cogeco Diffusion’s commitment to
the Canadian Radio-television and Telecommunications Commission (CRTC), at the public
hearing on the acquisition of the Québec radio stations of Corus Entertainment Inc. (Corus), to
divest certain stations in order to comply with the common ownership policy in the Québec City
and Sherbrooke markets. At the time, Cogeco Diffusion stated its commitment to selling stations
CJEC-FM and CFEL-FM in Québec City, and CJTS-FM in Sherbrooke.
Following the closing of the transaction to purchase Corus’ radio stations in Québec and as
required under the Broadcasting Act, the control and day-to-day management of the stations
involved was transferred to a trustee, Mr. Fernand Belisle. The trustee was also responsible for
overseeing sale proceedings for the radio stations.
“We are pleased to confirm the sale of the two Québec City radio stations, CJEC-FM and
CFEL-FM, to the team at Leclerc Communication,” said Mr Richard Lachance, Senior
Vice President, Radio and Cogeco Diffusion Inc. “Proceedings for the sale of CJTS-FM in
Sherbrooke are continuing.”
The sale of CJEC-FM and CFEL-FM to Leclerc Communication inc. is subject to the usual terms
and conditions, including approval by the CRTC.
ABOUT COGECO DIFFUSION
Cogeco Diffusion, one of Québec’s largest radio broadcasters, is a subsidiary of COGECO Inc.,
a diversified communications company with subordinate voting shares listed on the Toronto
Stock Exchange (TSX: CGO). Cogeco Diffusion operates thirteen (13) radio stations across
Québec: Rythme FM, CKOI FM, 98.5 fm, 92.5 The Beat and Radio Circulation 730 AM in
Montréal; FM 93 and 102.9 FM in Québec City; CKOI FM in Ottawa-Gatineau; CIME FM in
Saint-Jérôme; Rythme FM and CKOI FM in Sherbrooke as well as Rythme FM and CKOI FM in
Trois Rivières. Cogeco Diffusion also operates Cogeco News, one of Québec’s largest news
agencies, feeding 24 affiliate, independent and community radio stations.
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Source: Nicole Tardif
Director, Corporate Communications
COGECO Inc.
514-764-4685