The Jim Pattison Broadcast Group Announces Acquisition of Three FM Radio Stations from Bell Media and Astral

The Jim Pattison Broadcast Group Announces Acquisition of Three FM Radio 
Stations from Bell Media and Astral 
KAMLOOPS, BC, May 16, 2013 /CNW/ - Bell Media, Astral Media Inc. (Astral) and 
the Jim Pattison Broadcast Group Limited Partnership (Pattison) today jointly 
announced Pattison's acquisition of three key FM radio stations located in 
Calgary and Winnipeg. 
Subject to regulatory approvals, Pattison will purchase the following two Bell 
Media stations and one Astral station: 
Bell Media: 


    --  KooL FM 101.5 (CKCE-FM) - hot adult contemporary format in
        Calgary
    --  FAB 94.3 (CHIQ-FM) - classic pop format in Winnipeg

Astral:
    --  QX 104 (CFQX-FM) - country format in Winnipeg

Rick Arnish, Chairman of Jim Pattison Broadcast Group stated, "This is a very 
important acquisition for our Broadcast Group and, with the approval of this 
transaction from the CRTC, we will expand our presence in the major markets of 
Calgary and Winnipeg, which we have been focusing on for some time."

Mr. Arnish went on to say, "With the pending launch of our newest station 
CHPK-FM (95.3 The Peak) in Calgary, combining forces with KooL FM (Today & 
Back in the Day) and its great team will allow our Group to have a very strong 
competitive FM radio combo in Alberta's fastest-growing city. We're also 
very excited about the opportunity to expand in western Canada and 
specifically into the Winnipeg radio market with two separate stations, QX 104 
(Today's Country) and FAB 94.3 (Super Hits of the 60s & 70s). We are really 
looking forward to working with and learning from the superb teams at these 
separate Winnipeg operations as we expand into a new marketplace for our 
Group."

Rod Schween, President of Pattison Broadcasting said "We're just delighted 
that we are being given this opportunity to expand our radio reach in western 
Canada, and the addition of these three exciting stations will definitely 
strengthen our Group and our resources in B.C., Alberta, and now in Manitoba. 
We look forward to building on the legacies created by both Bell Media and 
Astral. Our history has been built on acquisitions and new licences, as we are 
great believers in the future of radio, and this purchase is part of our 
strategic plan to grow and expand in the west."

Pattison's acquisition of these radio stations is a result of the proposed 
transaction to unite Astral and Bell Media. Astral and Bell are divesting 
certain radio stations to comply with the Canadian Radio-television and 
Telecommunications Commission's (CRTC) Common Ownership Policy, which limits 
the number of stations a company can own in a single market.

The Pattison transaction is subject to approval from the CRTC, for which an 
application will be submitted shortly, and contingent on CRTC approval of the 
Astral-Bell Media transaction.

"While a necessary outcome of our plan to join with Astral, the decision to 
sell these stations wasn't easy," said Chris Gordon, President, Radio and 
Local TV, Bell Media. "Each is a strong performer in its respective market, 
and they will undoubtedly strengthen Pattison's growing portfolio of media 
assets."

"Parting with a valued station is difficult, but we trust that the QX 104 team 
and the Pattison Group will both benefit from this acquisition and help make 
the Canadian radio industry more vibrant than ever," said Ian Lurie, Chief 
Operating Officer, Astral Radio.

About Astral 
Founded in 1961, Astral Media Inc. (TSX: ACM.A/ACM.B) is one of Canada's 
largest media companies. It operates several media properties - pay and 
specialty television, radio, out-of-home advertising, and digital - that are 
among the most popular in the country. Astral plays a central role in 
community life across the country by offering diverse, rich, and vibrant 
programming that meets the tastes and needs of consumers and advertisers 
alike. To learn more about Astral, please visit www.Astral.com.

About Bell Media
Bell Media is Canada's premier multimedia company with leading assets in 
television, radio and digital. With passion and an unrelenting commitment to 
excellence, Bell Media entertains, informs and inspires Canadians. Bell Media 
owns 28 conventional stations, including CTV, Canada's #1 television network, 
and owns and operates 30 specialty channels, including TSN, Canada's #1 
specialty channel and RDS, Canada's #1 French-language specialty channel. Bell 
Media also owns 33 radio stations, dozens of websites, Dome Productions Inc. 
and has partnered with Cirque du Soleil to form Cirque du Soleil Media, a 
Montréal-based production company. Bell Media is owned by BCE Inc. (TSX, 
NYSE: BCE), Canada's largest communications company. For more on Bell Media, 
please visit www.BellMedia.ca.

About Jim Pattison Broadcast Group
The Jim Pattison Broadcast Group, with its headquarters in Kamloops, B.C. is 
the industry's largest private, western-based broadcast group, currently 
operating 30 FM radio stations, as well as three conventional television 
stations, in British Columbia and Alberta. Pattison Broadcasting is a proud 
division of the Jim Pattison Group, a diversified group of operating 
businesses, based in Vancouver, which has grown to become the second largest 
privately-held company in Canada. Please visit www.JimPattison.com and 
www.JPBroadcast.com for more information.

Media Contacts:

Rick Arnish Jim Pattison Broadcast Group 250-372-3322

Matthew Garrow Bell Media 416-384-5258

Olivier Racette Astral Media Inc. 514-939-5000

SOURCE: Jim Pattison Broadcast Group

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CO: Jim Pattison Broadcast Group
ST: British Columbia
NI: ENT RADIO TVNEWS MNA 

-0- May/16/2013 16:05 GMT


 
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