NEWCAP TO PURCHASE THUNDER BAY RADIO STATION
By Adnews Staff
Newcap, a subsidiary of Newfoundland Capital of Dartmouth, NS, plans to acquire radio station CJUK-FM in Thunder Bay, ON from Big Pond Communications for $2.3 million. The agreement is subject to CRTC approval. The station, which operates as Magic 99.9, would be the second station owned by Newcap in Thunder Bay. The company has operated CJLB-FM (HOT 105FM) for 15 years.
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