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Potential buyer makes takeover bid for Roundhouse Radio

Radio station says it will cease broadcasting May 6
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Roundhouse Radio will cease broadcasting May 6, 2018 | submitted

Roundhouse Radio 98.3 FM has found a potential buyer after the Vancouver radio station previously announced plans to cease operations earlier this week.

Despite the bid, management says the station will cease broadcasting by the end of the weekend.

While the station has confirmed it’s received an offer, no transfer of operations can be made without regulatory approval from the Canadian Radio-television and Telecommunications Commission, according to a May 4 statement from Roundhouse.

“So effective May 6th, 2018 at 6 PM PST, Roundhouse Radio will cease broadcasting,” the statement said.

“Further updates will be made by the purchaser when information is available.  On behalf of the Ownership Group, management and our staff, we wish to thank the community for their heartfelt support.”

The Business in Vancouver show has aired on Roundhouse Radio since 2016.

Broadcasting was originally slated to cease on April 30, however, interest from a potential buyer extended its current broadcast life for an additional week.

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