Please login to continue



Adnews offers non-subscribers free access to one story per month.

Subscribe for unrestricted access to our content.

Forgot your login or password? Click here.

Astral buys Shore Media Group

Astral Media Radio has received authorization from the CRTC to acquire Shore Media Group, the radio licence holder for Shore FM 104.3 of Vancouver. The purchase will be completed in early 2012 at a price of approximately $13.4 million. "We are very proud to have Shore FM join the Astral family and reinforce our multiplatform presence in Vancouver and British Columbia, taking the number of radio stations that we operate in Canada to 84," said Jacques Parisien, president of Astral Radio. "The addition of a third radio station in the Vancouver market will enable us to become even more competitive and to continue to improve our offering to listeners and advertisers." Astral's existing Vancouver radio stations include Virgin Radio 95.3 and AM 650.

« Back Next »

Related stories Comments