ARCHIVED - Public Notice CRTC 1999-149
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Ottawa, 10 September 1999
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Public Notice CRTC 1999-149
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Rawlco (Ottawa) Ltd.
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Ottawa, Ontario - 199907300 - 199907317
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Transfer of shares resulting in a change of control
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1. The Commission announces that it has approved, by Letter of Authority A99-0101 dated 6 August 1999, the transfer of control of Rawlco (Ottawa) Ltd., licensee of radio programming undertakings CJMJ-FM and CFGO Ottawa, through the transfer of 87.5% of the issued and outstanding shares held by Rawlco Inc. to CHUM Limited (CHUM). Rawlco Inc. will own the remaining 12.5% interest.
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2. The Commission notes CHUM's commitment to contribute 6% of the purchase price with regards to tangible benefits to be allocated over seven years, that is $1,680,000 to be allocated as follows:
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· $840,000 to the Canadian Music Marketing and Promotion Fund;
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· $560,000 to FACTOR; and
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· $280,000 to the Canadian Music Educational Program.
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This notice is available in alternative format upon request, and may also be viewed at the following Internet site: http://www.crtc.gc.ca
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Secretary General
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- Date modified: