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Pattison Media announces acquisition of Kelowna radio station CKOV
KAMLOOPS — Kamloops-based Pattison Media Ltd. (PML) has purchased a third radio station in Kelowna, B.C.
In a news release issued Wednesday (Aug. 30) afternoon, PML announced the purchase of CKOV-FM – 103.9 The Lake – from Paul Larsen of Radius-Holdings Inc. (Radius). The sale is subject to Canadian Radio-television and Telecommunications Commission (CRTC) approval.
“With the evolving broadcasting landscape across the country, the CRTC reached a decision in the recent radio review to allow for one entity to own up to three radio stations on the AM or FM band in a single market.,” Rod Schween, PML president states. “We are acting on that decision by positioning ourselves to compete strongly for listenership and to emerge as the first choice for listeners and advertisers in the Kelowna market.”
After a broadcasting career that surpassed 30 years, Larsen decided to sell his last station to PML. He credits his relationship with Schween for assuring him that 103.9 The Lake would be in good hands.