99.5 Drum FM acquired by Stingray Radio | DrumhellerMail
01172019Thu
Last updateWed, 16 Jan 2019 4pm

99.5 Drum FM acquired by Stingray Radio

IMG 6307

 

Stingray Radio has entered into an agreement to acquire the assets of 99.5 Drum FM from Golden West Broadcasting pending approval from the CRTC, the company said today.

The announcement comes after Stingray’s purchase of NewCap Radio, which saw it take ownership of the local country station 910 CFCW, which would have Stingray own two stations in Drumheller (99.5 Drum FM and Real Country 910).

“Now we can service the market under one roof,’ says Real Country 910’s Rick Walters. “It’s a new company with Stingray and they still see the vision that NewCap had in terms of growing and buying more radio stations.”

The CRTC could take up to six months to grant approval of the acquisition. It would be Stingray’s first acquisition of a radio company in Alberta.

Walters said listeners can expect local radio to continue but said it was too soon to discuss potential programming and content changes.

Montreal-based Stingray Group has over 1,200 employees worldwide and is a provider of direct-to-consumer and business-to-business services, including audio television channels, radio licenses, and other music and media content.

99.5 Drum FM has operated in Drumheller since 2009.


The Drumheller Mail encourages commenting on our stories but due to our harassment policy we must remove any comments that are offensive, or don’t meet the guidelines of our commenting policy.