CTVglobemedia Inc. announced yesterday the completion of its purchase of the radio assets of Vancouver's The Beat Broadcasting Corp., which owns and operates the radio station CFBT-FM (The BEAT 94.5 FM). Launched in 2002, The BEAT is a contemporary hit radio station serving Vancouver's young adult audience. It ranks number one in its market in both the adult and females in the 18 to 34 demographic. CTVgm subsidiary CHUM Radio's existing roster of AM and FM stations in Vancouver includes Vancouver's choice for soft favourites 103.5 QM-FM, Vancouver's new talk CFUN 1410, and sports radio The TEAM 1040. "CFBT-FM is an important addition to our radio group," said Paul Ski, president of CHUM Radio, in a news release. "The BEAT 94.5 has been a great success with both listeners and advertisers and CHUM Radio plans to build on that success." The transaction was approved by the CRTC in early October.

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