Corporate
June 30, 2006
CRTC Grants Approval for Acquisition of Island Radio Ltd.
June 30, 2006 (Kamloops, BC) - Rick Arnish, President, Jim Pattison Broadcast Group Limited Partnership, announced today that the Canadian Radio Television-Telecommunication Commission (CRTC) has approved the application by Jim Pattison Broadcast Group LP to acquire the assets of:
- CHWF-FM and CKWV-FM - Nanaimo, BC
- CIBH-FM and CHPQ-FM - Parksville/Qualicum Beach, BC
- CKLR-FM - Courtenay/Comox/Campbell River, BC
- CJAV-FM - Port Alberni, BC
The Jim Pattison Broadcast Group is one of Canada's top ten radio groups with over 11.5 million hours tuned to multiple format choices.
Arnish went on to say, "Now that the approval has been granted, we very much look forward to welcoming Paul Larsen and the entire Island Radio team into the Jim Pattison Broadcast Group. The excellent personnel and great radio stations will be a valuable addition to western Canada'’s largest privately owned radio and television company. Everyone in the Jim Pattison Broadcast Group is excited for the opportunity of growing our broadcast group business in all of the fine communities of central Vancouver Island. We will continue with Island Radio’s legacy of being intertwined in the makeup of those communities, as we are in all of our radio and television markets in British Columbia and Alberta."
With the closing of the acquisition effective at midnight June 30, 2006, the Jim Pattison Broadcast Group will own and operate 26 radio and 3 television stations in western Canada.
For further information, please contact:
Rick Arnish, President
Jim Pattison Broadcast Group LP
Tel: 250.372.3322
