CINA Radio Group CEO makes bid to buy Bell Media AM stations

Company

BCE Inc.

Law Firm / Organization
Bell Canada

Company

CINA Radio Group

Law Firm / Organization
CINA Radio Group

CINA Radio Group founder and CEO Neeti P. Ray made a bid to acquire three AM radio stations from BCE Inc.. The bid is part of BCE's restructuring plan that also involved shutting down six other AM stations and laying off approximately 1,300 employees, representing about 3 percent of BCE's workforce.

The sale of these stations was approved by the Canadian Radio-television and Telecommunications Commission (CRTC) on June 26, 2024.

Merger & Acquisition
Tech/Computer/IT
Undisclosed/Confidential
Active