TORONTO, Nov. 28 /CNW/ - Rogers Broadcasting Limited (RBL) announced
today that it has increased its ownership in the Kingston radio market. Rogers
invested in 2000 in K-Rock 1057 Inc. which launched rock stations K-Rock 105.7
FM (CIKR FM) in 2001 and KIX Country 93.5 FM (CKXC FM) in 2007 and has now
reached an agreement to increase its ownership to 100%. This deal is subject
to CRTC approval.
"This is a great opportunity for Rogers to expand our presence in
Kingston, a market in which we've been involved since 2000," said Paul Ski,
Chief Executive Officer, Radio, RBL. "K-Rock has led the Kingston market
because of its strong bond with listeners, advertisers and community
organizations. We look forward to building on this success and continuing the
strong local profile of both radio brands."
"Rogers has been our partner right from the beginning. We've worked
closely together to build the K-Rock brand by 'making a difference' in our
community," said John Wright, President, K-Rock 1057 Inc. "When we made the
decision to sell our interest, Rogers was the natural choice."
Rogers Broadcasting operates 22 radio stations in Ontario including
stations in Ottawa and Toronto.
Rogers Broadcasting is a subsidiary of Rogers Media, a division of Rogers
Communications (TSX: RCI; NYSE: RCI). Rogers Broadcasting has 52 AM and FM
radio stations across Canada. Television properties include 5 Citytv stations
and 5 OMNI local over-the-air stations, the specialty channels Rogers
Sportsnet, Canada's live event leader, which offers viewers four channels and
Sportsnet HD, Biography, G4Tech TV, and OLN and Canada's only televised
shopping service, The Shopping Channel.