ASTRAL MEDIA SELLS QUEBEC RADIO STATIONS
By Adnews Staff
Astral Media of Montreal plans to sell its AM radio stations and its CFOM-FM station in Quebec to a business venture formed by Gaetan Morin and Sylvain Chamberland. Morin is the owner and president of Groupe Morin. Chamberland is the president and general manager of CKAC-AM and the Radiomédia network. The two will pay $12 million for the stations. The sale, still subject to regulatory approval, is expected to close in the first quarter of 2004.
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