STANDARD RADIO TO ACQUIRE CRAIG RADIO STATIONS
By Adnews Staff
Standard Radio Inc., a subsidiary of Toronto-based Standard Broadcasting, has signed a deal to acquire four Manitoba radio stations owned by Winnipeg-based Craig Music & Entertainment Inc. for $20 million. The four stations included in the sale are CKMM-FM Winnipeg, CFQX-FM Selkirk, CKXA-FM Brandon and CKX-FM Brandon. The acquisition comes one week after Standard Radio struck an agreement to acquire all of Montreal-based Telemedia's radio properties in Ontario, Alberta and British Columbia. Standard Radio's acquisition of the four Craig stations is subject to regulatory approval.
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