Sunday, July 21, 2024
Home Industry CanWest exits Turkey radio

CanWest exits Turkey radio

by RadioToday UK
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CanWest Media is to sell its interests in four Turkish radio stations, Super FM, Metro FM, Joy Turk, and Joy FM.

CanWest is expected to sell the stations by June 2nd, to Turkey-based Spectrum Medya, owner of the National Post newspaper in the country.
The situation is similar to CanWest's exit of the UK Radio industry last year, with vice-president of public affairs John Douglas saying: "It's part of our ongoing efforts to clean up our balance sheet. It was a market we wanted to enter into [but] it just doesn't fit into the scheme of things right now."
CanWest won three licences in the UK, in the Solent, Bristol and Aberdeen but proceeded to sell each one not long after each station started broadcasting.

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