Acadia Broadcasting is expanding - the parent
company of 98.1 The Tide, Country 94 and The Wave has received approval from the Canadian Radio
- Television - and - Telecommunications Commission to purchase Moncton radio
station CKNI-FM from Rogers Broadcasting.
Acadia plans to move the station to
newly constructed studios and launch its new music and information format later
this year.
Meantime - the federal regulatory agency has given thumbs up to
Newcap to purchase CHNI-FM - the Rogers station here in Saint John.
Both
stations currently feature a news - talk format that Rogers has been unable to
make financially successful.
Moncton becomes the 13th station for Acadia
spanning New Brunswick - Nova Scotia - and - Ontario.