trending Market Intelligence /marketintelligence/en/news-insights/trending/7u3BwslzuulHCTakO7kAFQ2 content esgSubNav
In This List

Stingray to acquire assets of CHOO-FM from Golden West Broadcasting

Video

According to Market Intelligence, December 2022

Blog

Insight Weekly: Layoffs swell; energy efficiency PE deals defy downturn; 2023 global risk themes

Podcast

MediaTalk | Episode 30: US retailers prep for weaker online sales, holiday spending demand

Blog

Insight Weekly: Energy crisis cripples Europe; i-bank incomes rise; US holiday sales outlook


Stingray to acquire assets of CHOO-FM from Golden West Broadcasting

Stingray Radio Inc., a wholly owned subsidiary of Canadian media and entertainment company Stingray Digital Group Inc., entered into an agreement to acquire the assets of CHOO-FM in Drumheller, Alberta, from Golden West Broadcasting Ltd.

Financial terms of the deal were not disclosed, but Stingray anticipates "the effective multiple paid is in the six times range," according to a Jan. 7 news release.

Stingray expects the acquisition, which is subject to approval from the Canadian Radio-television and Telecommunications Commission, to close mid-2019.