McBride Communications & Media Inc. owns and operates CHMZ-FM Tofino, CIMM-FM Ucluelet, and CFPV-FM Pemberton in British Columbia. CKPM-FM Port Moody will launch in early 2009.
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Can't say about financial health, but April Ratings from this year... of course, with new stations in both cities, things will probably be a lot different this fall.
Interesting to note in the CRTC decision there was a prediction of today's topic (cue Twilight Zone sfx):
"The intervention in opposition was submitted by Scott Clemens, who expressed the view that, if Rawlco’s application were approved, Rawlco would be likely to sell the station to a third party rather than retain ownership of the station over the long term."
"The intervention in opposition was submitted by Scott Clemens, who expressed the view that, if Rawlco’s application were approved, Rawlco would be likely to sell the station to a third party rather than retain ownership of the station over the long term."
There is precident there. Mid 90's, Rawlco sold Calgary & Toronto to Rogers after owning Toronto only for a short while. The trick is to transact the new license along with some established licenses. The CRTC in its wisdom then gives the proven license transactor yet another license in Calgary and a fresh one in Edmonton.
The offer would be HUGE for Bell's interest in creating the combos in those 4 markets. Prince Albert & North Battleford may be excluded. Gord & Doug keep their lake music and some steady revenue plus pocket...what....$150M? Reasonable? I think so. Newcap recently paid $8M for HALF of CKUL Halifax.
For those that believe Pam Leyland's deinials remember that Gary Slaight was talking expansion by taking Standard public, then into an income trust, then surprise!...comes the almost billion dollar deal from Astral. Anyone think Gary was going to get out of radio when he did?
"The intervention in opposition was submitted by Scott Clemens, who expressed the view that, if Rawlco’s application were approved, Rawlco would be likely to sell the station to a third party rather than retain ownership of the station over the long term."
Clemens would know. He worked for Rawlco. I challenge anyone who's ever worked for Rawlco to disagree with that statement.
Best time possible to sell with the SK economy trending upwards and no ceiling in sight at the present. Gets Rawlinson the best dollar for the properties right now, and with other players in acquisition mode, it would get CTV/CHUM a solid block of stations without having to go through the "new license lottery" that every single other big player would to get ONE station. They would get established clusters that are maxed out in every single market (Stoon, Regina, P.A., N.B. all have 3 licenses each)
I would not be surprsed if Harvard picked up some of the Saskatchwan stations.. North Battleford and Prince Albert .... After all they just finished the purchase of the Yorkton stations and they have said they are looking for more stations west of the Manitoba border....