Saint John (May 2, 2016) - Canada's broadcast regulator has approved the purchase agreement between Acadia Broadcasting Limited (ABL) and Radio CJLS Limited.
Acadia filed an application to acquire CJLS-Yarmouth with the Canadian Radio-television Telecommunications Commission in November.
The commission authorized the deal on April 29th, 2016.
ABL President Chris Pearson says "We are extremely pleased to announce CJLS will soon be a member of the Acadia family. These are exciting time for our company."
Pearson adds, "We look forward to working with the strong team at CJLS in the coming weeks and months."
CJLS was founded in 1934. Chris Perry and Ray Zinck have been a part of the station since the early 70’s. They purchased the company in 1998.
“It is certainly with mixed emotions that we retire and step away. CJLS and staff have been an integral part of my life for four and a half decades.” Zinck said.
Acadia is a grassroots, community focused broadcaster. The company takes pride in being heavily involved and dedicated to the communities it serves.
"Listeners in Yarmouth, Shelburne and Digby counties can expect a continued commitment to delivering high quality local news and programming." Pearson said. "On behalf of Acadia, we would like congratulate Chris and Ray on a successful broadcasting career and wish them both the very best in their well deserved retirement."
Along with CJLS-Yarmouth, Acadia will soon own and operate 14 stations in New Brunswick, Nova Scotia and Ontario.