rawlco

7 FM and 2 AM Radio Stations Acquired from Rawlco Radio
June 26, 2015


The Jim Pattison Broadcast Group Announces Acquisition
of 7 FM and 2 AM Radio Stations from Rawlco Radio

Pattison Expanding into Northern Alberta and Saskatchewan

(Kamloops, B.C.) – Rawlco Radio Ltd. (Rawlco Radio) and the Jim Pattison Broadcast Group Limited Partnership (Pattison) today jointly announced Pattison’s acquisition of nine radio stations (and related assets) located in Northern Alberta and Saskatchewan.

The stations involved in the transaction include:

Edmonton, Alberta

Prince Albert, Saskatchewan

North Battleford, Saskatchewan

Meadow Lake, Saskatchewan

The current local management teams will continue to lead the Edmonton, Prince Albert, North Battleford and Meadow Lake stations and all of the existing team members at the 9 Rawlco Radio stations will be offered positions and the opportunity to grow with the Jim Pattison Broadcast Group. Rawlco Radio will continue to hold their existing 7 radio licences in Saskatoon, Regina and Calgary.

Jim Pattison, Chairman & CEO of the Jim Pattison Group explained, “The Rawlinson family have built a great legacy in Canadian broadcasting with the first purchase of CKBI Radio in Prince Albert, Saskatchewan in 1946. I thank Rawlco Radio CEO, Gordon Rawlinson for giving Pattison the opportunity to continue building on his family’s history in the radio industry, especially in the province of Saskatchewan, who we both have close ties to.”

Rick Arnish, Jim Pattison Broadcast Group’s Chairman stated, “Continuing to grow our presence in Western Canada has always been a focus for our Broadcast division.  I have had ongoing dialogue with Gordon Rawlinson for many years that has led to this specific opportunity to enter Edmonton, Prince Albert, North Battleford and Meadow Lake.  The opportunity to join forces with this reputable and historic company is very attractive to us, and we’re most excited to have this opportunity to grow in markets that mirror our other Western Canadian radio and television stations.” 

Arnish went on to say, “I have the utmost respect for the Rawlinson family and it will be our Broadcast division’s focus to continue to serve the community and listeners in Edmonton and Saskatchewan with the same high programming and commitment to community as they are accustomed to with Rawlco Radio. Our history has been built on acquisitions and new licences as we are great believers in the future of radio. This purchase is part of our strategic plan to grow and expand in the west.”

Rod Schween, Jim Pattison Broadcast Group’s President added, “The addition of these 9 well-run Rawlco Radio stations will complement our broadcast properties in British Columbia, Alberta and Manitoba. This is an extremely important acquisition to unite our two broadcasting companies whose operations are highly compatible and have a similar vision. We are very enthusiastic to work with and learn from our new valued team members and local management. Schween went on to say, With pending approval of this acquisition, it will benefit the Canadian radio industry as a whole and allow Pattison to continue competing against some of Canada’s largest national players who are well-established in the West.”

The sale is subject to approval from the Canadian Radio-Television & Telecommunications Commission (CRTC), for which an application was recently submitted. This sale follows the successful recent Pattison acquisition of three Bell Media radio stations in Calgary and Winnipeg (CKCE-FM, CHIQ-FM & CFQX-FM) and the launch in April 2014 of the much anticipated CHPK-FM in Calgary.

As part of the terms of sale, Pattison has also agreed to purchase paNOW.com, an online newspaper serving the residents of Prince Albert, Saskatchewan and the surrounding area.

About Jim Pattison Broadcast Group

The Jim Pattison Broadcast Group, with its head office in Kamloops, B.C. is the industry’s largest private, western-based broadcast group, currently operating 33 FM radio stations, as well as three conventional television stations in 21 different markets, in British Columbia, Alberta and Manitoba. 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:

Vanessa Ong
Jim Pattison Broadcast Group
250-372-3322