ARCHIVED - Decision CRTC 2000-768
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Decision CRTC 2000-768 |
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Ottawa, 21 December 2000 |
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CHUM Limited |
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20 November 2000 Public Hearing |
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Acquisition of assets of CKLY-FM |
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1. |
The Commission approves the application for authority to acquire the assets of the radio programming undertaking CKLY-FM Lindsay from Centario Communications Inc., and for a broadcasting licence to continue the operation of this undertaking. |
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2. |
Upon surrender of the current licence, the Commission will issue a licence to CHUM Limited expiring 31 August 2003, the current expiry date. The licence will be subject to the conditions set out in the licence to be issued, as also set out in Public Notice CRTC 1999-137. |
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3. |
The purchase price for the shares is $800,000. Based on the evidence filed with the application, the Commission has no concerns with respect to the availability or the adequacy of the required financing. |
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4. |
The Commission notes that the applicant did not propose any tangible benefits; CKLY-FM has been unprofitable over the three years preceding filing of this application. In accordance with its policy for commercial radio, the Commission will forego benefit requirements for this station. The Commission notes that the important benefit associated with this transaction is the maintenance of CKLY-FM as a viable, local radio service. Accordingly, the Commission is of the view that approval of this application is in the public interest. |
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Other matters |
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5. |
The Commission notes that CHUM Limited is subject to the Employment Equity Act that came into effect on 24 October 1996 and therefore files reports concerning employment equity with Human Resources Development Canada. |
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6. |
The Commission acknowledges the intervention received with respect to this application. |
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Related CRTC document |
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. Public Notice 1998-41 - Commercial radio policy, 1998 |
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Secretary General |
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