company_name = Slaight Communications
company_type = Private
foundation = 1925 (Standard Broadcasting)
1971 (Slaight Broadcasting)
Edward S. Rogers, Sr.
J. Allan Slaight
industry = Media
Slaight Communications is a Canadian
radiobroadcasting company. The company was first formed as Slaight Broadcasting in 1971, when owner J. Allan Slaightacquired CFGM in Richmond Hill. Slaight later also acquired CFOX in Montrealand CHOK in Sarnia, and launched CILQ in Toronto.
The company later sold off all of its original assets, and continued to operate its radio holdings through the Standard Broadcasting division after Slaight bought out that company in 1985. As Standard, it remained the largest privately-owned multimedia company in Canada until it sold its radio and TV broadcasting assets to
Astral Mediain 2007.
The company continues to operate holdings in non-traditional broadcast platforms such as
satellite radioand Internet radio. Slaight also continues to hold minority investments in three other small radio station groups.
Standard Broadcasting was founded as Standard Radio Manufacturing in 1925 by
Edward S. Rogers, Sr., but soon became known as Rogers Vacuum Tube Companyand later became the Rogers Majestic Corporation Limited. [http://www.broadcasting-history.ca/listings_and_histories/radio/histories.php?id=3988&historyID=180 Canadian Communications Foundation - Fondation Des Communications Canadiennes ] ]
Rogers launched what would become
radio station CFRBin 1927 in order to demonstrate a batteryless alternating current radio transmitterhe had invented. The broadcasting division of the company was renamed Standard Radio Limited in 1941 when the Rogers family sold off the assets of Rogers Magestic two years after the death of Edward Rogers. In 1945, Standard Radio was purchased by Argus Corporationand in 1966 Standard Radio Limited was renamed Standard Broadcasting.
Argus was acquired by
Conrad Blackand his brother in 1978. Argus subsequently sold Standard to Slaight in 1985.
As Standard, the company under Slaight operated 82 radio stations in English Canada and two television stations in northern
British Columbia. It also owned a significant minority interest in the radio station operators Milestone Radio, Haliburton Broadcasting Groupand 3937844 Canada Inc. in Canada, and Martz Communications Groupin the US. The company also operated divisions in e-commerce, videotapeand DVDdistribution, retail marketing and audio and video post-production.
In 2006, the company announced an
initial public offeringvia an income trust; these plans were later cancelled due to "market conditions". On February 23, 2007, Astral Mediaannounced that it had signed a letter of intent and had entered into exclusive negotiations regarding the acquisition of "substantially all of the assets" of Standard. [ [http://www.newswire.ca/en/releases/archive/February2007/23/c3982.html Astral Media announces signature of letter of intent to acquire Standard Radio] ] A formal agreement was later announced, with the proposed transaction being approved by the CRTC on September 28, 2007.
Astral did not acquire Standard's Internet and satellite radio assets, nor its minority interests in various other radio stations. [ [http://www.thestar.com/Business/article/202365 Astral expands with Standard Radio takeover] , Ross Marowits,
Canadian Press(via " Toronto Star"), April 12, 2007. Article accessed September 28, 2007.] The transaction was finalized on October 29, 2007, and Standard changed its name to Slaight Communications the following day.
After selling its Standard Radio assets to
Astral Mediain October 2007, Slaight Communications is the owner and operator of Internet radioportal Iceberg Radioand is also partnered with Sirius Satellite Radioand the Canadian Broadcasting Corporationin Sirius Canada.
The company also retains its minority shares in the Haliburton, Milestone and Martz radio groups, although both Haliburton and Martz have sold off many of their assets in 2008 as well.
Standard's minority share in 3937844 Canada was also not transferred to Astral, but was wholly acquired by its majority owner,
Newcap Broadcasting, in a separate transaction which also took place in 2007.
* Dawson Creek - CJDC
* Fort Nelson - CKRX
* Fort St. John - CHRX, CKNL
* Golden - CKGR
* Kelowna - CHSU, CILK, CKFR
* Kitimat - CKTK
* Nelson - CKKC-FM
* Osoyoos - CJOR
* Penticton - CJMG, CKOR
* Prince Rupert - CHTK
* Princeton - CIOR
* Revelstoke - CKCR
* Richmond - CISL, CKZZ
* Salmon Arm - CKXR
* Summerland - CHOR
* Terrace - CFTK, CJFW
* Trail - CJAT
* Vernon - CICF
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