Sunday, February 26, 2006

Queenstown Q92FM Acquired by CanWest MediaWorks

February 16

RadioWorks,part of the CanWest MediaWorks Company, is buying the Queenstown, South Island New Zealand radio station Q92FM which covers Queenstown city, the Wakatipu Basin and Central Otago using six frequencies.

RadioWorks COO, Sussan Turner said that Q92 is a popular station in a growing region, noting that tourism, particularly in Queenstown and Wanaka, is an attractive market to target for advertising revenue.

RadioWorks is acquiring the station from its founders Chas and Stephanie Drader, who launched the station 20 years ago.

The purchase will be effective 1 March 2006 and is for an undisclosed sum.

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