(TORONTO, ON) – Rogers Media announced that it has entered into an agreement to acquire Tillsonburg Broadcasting Company Limited, which owns the radio broadcasting licenses CJDL-FM Country 107.3 and CKOT-FM Easy 101.
The two brands service the greater southwestern Ontario area and major centres such as London, Kitchener-Waterloo, Woodstock, and St Thomas. Closing of the transaction is expected to occur by early 2017 and is subject to approval from the Canadian Radio-television and Telecommunications Commission.
“The Lamers family has built two of the strongest and most beloved radio stations in Southwestern Ontario, and I thank TBCL president John Lamers for giving Rogers the opportunity to continue building on his family’s history,” said Julie Adam, senior vice-president of Rogers Radio. “Continuing to grow our presence in southwestern Ontario is a focus for Rogers Radio, and it will be our goal to continue to serve the community and listeners in these markets with the same high level of quality programming. We are strong believers in the future of radio, and this purchase is part of our strategic plan to grow and expand our business in key markets.”
John Lamers, majority shareholder and president of TBCL said he is extremely proud of the successful business that the Lamers family and all of the employees have built and that he is confident that the stations will continue to flourish under Rogers’s ownership.
“Our loyal audiences and advertisers will be in good hands with a company like Rogers that also has a long history and commitment to radio,” Lamers said.
Rounding out Rogers Radio’s portfolio of assets in southwestern Ontario, CJDL-FM and CKOT-FM will join Rogers’s owned station CHST-FM 102.3 Jack FM in London and CKGL 570 NEWS, CHYM-FM 96.7, and CIKZ-FM Country 106.7 in Kitchener.