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CRTC rejects proposed St. John’s radio station

Media | 07/31/2017 4:21 pm EDT

The CRTC has declined an application to establish a new FM radio station in St. John’s, N.L. “The St. John’s radio market has performed poorly since 2012, with flat revenues and low profitability,” the CRTC said in its decision Monday. It added the economic outlook isn’t too bright, citing information from the Conference Board of Canada. Among its concerns are stagnating population growth and an unemployment rate that will remain above the national average between 2018 and 2021. “In light of the preceding, the Commission is concerned that licensing an additional station in...