Two Halifax radio stations are changing hands.
Acadia Broadcast and HFX Broadcasting have signed a letter of intent for the sale of HFX Broadcasting’s two stations in Halifax, CKHZ, Hot Country and CKHY, Live 105.
Paul Evanov, president of HFX Broadcasting parent Evanov Communications, said in a release the two companies have been in discussions for some time.
“We are very pleased that Acadia, a strong, independent East Coast broadcaster, will benefit from the additions of these stations to their roster,” Evanov said. “It is important to us that independent broadcasters, while adjusting to economic and market conditions, remain a vital component of the Canadian radio ownership landscape.”
Chris Pearson, president of Acadia Broadcasting, said he’s pleased with the opportunity to acquire two stations in Halifax, increasing his company’s presence in Nova Scotia.
“We’re certainly looking forward to adding to the diversity of the Halifax market with our local brand of radio,” he said.
The transfer of the two stations is subject to approval by the CRTC.