On May 16, Jim Pattison Broadcast Group announced their acquisition of three key FM radio stations located in Calgary and Winnipeg. Subject to CRTC approvals, Pattison will purchase two Bell Media stations and one Astral station. In Calgary, they purchased KooL FM 101.5 (CKCE-FM) a hot adult contemporary format from Bell Media. In Winnipeg, they purchased FAB 94.3 (CHIQ-FM) a classic pop format and QX 104 (CFQX-FM), a country format. Rick Arnish, Chairman of Jim Pattison Broadcast Group stated, “This is a very important acquisition for our Broadcast Group and, with the approval of this transaction from the CRTC, we will expand our presence in the major markets of Calgary and Winnipeg, which we have been focusing on for some time.”
Mr. Arnish went on to say,
With the pending launch of our newest station CHPK-FM (95.3 The Peak) in Calgary, combining forces with KooL FM (Today & Back in the Day) and its great team will allow our Group to have a very strong competitive FM radio combo in Alberta’s fastest-growing city.
Rod Schween, President of Pattison Broadcasting said “We’re just delighted that we are being given this opportunity to expand our radio reach in western Canada, and the addition of these three exciting stations will definitely strengthen our Group and our resources in B.C., Alberta, and now in Manitoba.
Jim Pattison Broadcasting Group Radio Stations Operated in Alberta:
We look forward to building on the legacies created by both Bell Media and Astral. Our history has been built on acquisitions and new licences, as we are great believers in the future of radio, and this purchase is part of our strategic plan to grow and expand in the west.”
The sale is intended to comply with regulatory requirements surrounding the proposed merger of Bell and Astral Media, and would make CKCE-FM a sister station to CHPK-FM, a new radio station that the Jim Pattison Group is establishing in Calgary. If approved, reports are that the Jim Pattison Group plans to consolidate CKCE-FM with CHPK-FM.