The long awaited decision on the sale of Corus' Quebec properties to Cogeco came down today. For the most part everything was approved, including the exemption from the common ownership policy in Montreal where Cogeco will now have 3 French language FM's. However, Cogeco's proposal to turn Sherbrooke's CKOY 104.5 into a repeater of CKAC 730 Montreal was rejected. Cogeco has one year to divest itself of CKOY, as well as CJEC 91.9 and CFEL 102.1 in Quebec City where no exemption to the common ownership policy was applied for or granted.
Here's the decision. Grab a coffee, it's the size of a small novel:
http://www.crtc.gc.ca/eng/archive/2010/2010-942.htm