ARCHIVED -  Public Notice CRTC 1999-149

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Public Notice

Ottawa, 10 September 1999
Public Notice CRTC 1999-149
Rawlco (Ottawa) Ltd.
Ottawa, Ontario - 199907300 - 199907317
Transfer of shares resulting in a change of control
1.  The Commission announces that it has approved, by Letter of Authority A99-0101 dated 6 August 1999, the transfer of control of Rawlco (Ottawa) Ltd., licensee of radio programming undertakings CJMJ-FM and CFGO Ottawa, through the transfer of 87.5% of the issued and outstanding shares held by Rawlco Inc. to CHUM Limited (CHUM). Rawlco Inc. will own the remaining 12.5% interest.
2.  The Commission notes CHUM's commitment to contribute 6% of the purchase price with regards to tangible benefits to be allocated over seven years, that is $1,680,000 to be allocated as follows:
·  $840,000 to the Canadian Music Marketing and Promotion Fund;
·  $560,000 to FACTOR; and
·  $280,000 to the Canadian Music Educational Program.
This notice is available in alternative format upon request, and may also be viewed at the following Internet site: http://www.crtc.gc.ca
Secretary General

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