Acadia Broadcasting Expands

The owner of the Bridgewater radio station is buying two FM stations in Thunder Bay, Ont., from Newfoundland Capital Corporation for $4.5 million, plus working capital. The stations, CKTG-FM The Giant 105.3 and CJUK-FM Magic 99.9, are being bought by Acadia Broadcasting Limited - the owners of CKBW FM. The deal is subject to approval from the Canadian Radio-television and Telecommunications Commission and is set to close at the end of this year. Acadia Broadcasting vice-president Jim MacMullin said the two stations will be a great addition to its existing radio stations in the Ontario cities of Fort Frances, Kenora and Dryden. Newcap has 81 licences across Canada. Acadia Broadcasting is a community-focused radio broadcaster with 10 licences in New Brunswick, Nova Scotia and Ontario.