Rogers Broadcasting strengthens presence in Kingston
Nov 28, 2008
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.
For further information:
For further information: Jan Innes, Vice President, Communications, Rogers Communications Inc., (416) 935-3525