Clear Sky Radio Approved for Modern Rock in Lethbridge

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Clear Sky Radio Approved for Modern Rock in Lethbridge

Postby abradioguy » Thu Jul 31, 2014 1:23 pm

The second CRTC approval for Clear Sky Radio this week. New Cranbrook station approved on Tuesday. Now approval to purchase CKVN in Lethbridge and change format from Christian to Modern Rock.

CRTC Decision: http://crtc.gc.ca/eng/archive/2014/2014-400.htm

Clear Sky Radio Press Release: http://clearskyradio.com/company-news/crtc-approves-clear-sky-radios-acquisition-of-ckvn-fm-lethbridge-alberta/
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Re: Clear Sky Radio Approved for Modern Rock in Lethbridge

Postby jon » Thu Jul 31, 2014 1:54 pm

From the Clear Sky press release:
Clear Sky Radio acknowledges that the change in music format will create a loss for a segment of the Lethbridge population and will work toward finding creative solutions to try and fill that void.

The purchase is expected to close August 31, 2014 with Clear Sky Radio taking over operations on September 1. CKVN staff will be offered positions with Clear Sky upon closing.

Further info on the first point from the CRTC decision:
Clear Sky argued that the Christian music format is not commercially viable in a market the size of Lethbridge, adding that an insufficient number of businesses have supported CKVN-FM financially by advertising on the station. Clear Sky noted that it had committed to keeping the musical programming of CKVN-FM alive via an online radio station delivered over the Internet, should there be sufficient demand to warrant it.
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Re: Clear Sky Radio Approved for Modern Rock in Lethbridge

Postby jon » Thu Jul 31, 2014 5:41 pm

Dan Sys' Canadian Radio News is reporting the sale price at $1.3 million.
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