CHUM Radio to Acquire Toronto Radio Station The New Flow 93.5 FM

TORONTO, June 23 /CNW/ - CHUM Radio, a division of CTV Limited, announced today that it has reached an agreement with Milestone Radio Inc. to purchase Toronto radio station The New Flow 93.5 FM (CFJX-FM). The sale is subject to CRTC approval.

"Flow has done a great job carving out a niche in the Canadian radio landscape providing unique opportunities to artists, listeners and advertisers," said Chris Gordon, President CHUM Radio. "We value the contributions FLOW has made to promote and develop new Canadian artists, and we look forward to working with their team to grow the station and continue to service the community in Toronto."

"We are extremely proud of the legacy we have built over the past 10 years and the unique connection we have formed through a shared passion for urban music with local artists, listeners and our partners," said Nicole Jolly, Vice President of Operations at Milestone Radio Inc. "Today's announcement reinforces FLOW's achievements to date and helps provide an opportunity for continued success in Canada's most competitive radio market."

FLOW 93.5 made Canadian broadcast history when it first launched in February 2001 as the country's first urban music station delivering listeners a blend of hip-hop, R&B, reggae and soca. Since then, FLOW has established itself in Toronto as a leader in delivering unique urban programming with a focus on discovering and promoting local artists.

To see the complete announcement, go to: http://bit.ly/bnqKUB

For further information: Emily Young Lee, CTV News, 416.384.3004, [email protected]