Montreal radio listeners who tune to 99.5 FM to hear classical music will soon have to find another source for those runes. On Friday, the CRTC announced it is approving a sale of CJPX-FM from Radio Classique to Leclerc Communication, which will turn it into a pop music with the same WKND brand it uses in Quebec City.
Radio Classique’s other station, CJSQ-FM 92.7 in Quebec City, will remain a classical music station, but I wouldn’t count on it surviving for long now that its big brother has been sold off. Radio Classique is also maintaining its online streaming.
The sale is valued at $4.89 million, with Leclerc having to pay an additional 6% of that value to go to independent funds per the CRTC’s tangible benefits policy.
Leclerc, which tried the same thing with CKLX-FM 91.9 in 2018 (a deal that failed when the CRTC said it couldn’t also buy CHOI Radio X in Quebec City), said it was happy with the decision, and will convert 99.5 to WKND “in the coming months.”
UPDATE (April 28): The CRTC has published the rationale behind the decision. It says there’s no diversity of voices concern since one independent owner has been replaced with another, and “the entry of Leclerc would maintain musical diversity in Montréal, although the musical offering would differ from that currently broadcast by the station.” It also noted that the station had not been profitable since 2014, and other broadcasters (Radio-Canada, Stingray and SiriusXM) also provide classical music programming, though none are on analog FM.