MONTREAL, Nov. 26, 2025 (GLOBE NEWSWIRE) — Stingray (TSX: RAY.A; RAY.B), an industry leader in music and video content distribution, business services and advertising solutions, today announced that its wholly-owned subsidiary Stingray Radio has entered into an agreement to acquire the assets of CHUP-FM (branded C97.7) in Calgary, Alberta from Rawlco Radio, subject to approval of the Canadian Radio-television and Telecommunications Commission (“CRTC”).
“We are excited to expand our presence in the vibrant Calgary market,” commented Steve Jones, President of Stingray Radio. “C97.7 has established a strong connection with listeners and the community, and we are committed to continuing the fantastic legacy started by the Rawlco Radio team. This acquisition is a natural complement to our existing Calgary stations, strengthening our portfolio of high-quality radio stations and reinforcing our commitment to providing the best local radio to audiences and businesses across Canada.”
Stingray Radio owns and operates 33 radio licenses in Alberta, including CKMP-FM (90.3 AMP Radio) and CFXL-FM (XL 103) in Calgary, as well as 96 radio stations across Canada.
The transaction is subject to CRTC approval, which is expected in the second quarter of fiscal 2027. Financial terms were not disclosed.
About Stingray
Stingray (TSX: RAY.A; RAY.B), a global music, media and technology company, is an industry leader in television broadcasting, streaming, radio, business services and advertising. Stingray provides a wide range of music, digital and advertising services to corporate brands around the world, including audio and video channels, 96 radio stations, subscription video on demand, FAST channels, karaoke products and music apps, as well as in-vehicle and in-vehicle infotainment content. Stingray Business, a division of Stingray, provides commerce music solutions, in-store advertising solutions, digital signage, and AI-powered consumer analytics and feedback. Stingray Advertising is North America's largest retail audio advertising network, delivering digital audio messages to more than 33,500 major retail locations. Stingray has approximately 1,000 employees worldwide and serves 540 million consumers in 160 countries. For more information visit www.stingray.com.
Forward-Looking Information
This press release contains forward-looking information within the meaning of applicable Canadian securities laws. Such forward-looking information includes, but is not limited to, information about Stingray's goals, beliefs, plans, expectations, expectations, estimates and intentions. Forward-looking information is identified by the use of terms and phrases such as “may,” “will,” “should,” “may,” “expect,” “intend,” “estimate,” “anticipate,” “plan,” “anticipate,” “believe,” and “continue,” or the negative of these terms and similar terminology, including references to assumptions. Please note, however, that not all forward-looking information contains these terms and phrases. Forward-looking information is based on a number of assumptions and is subject to a number of risks and uncertainties, many of which are beyond Stingray's control. These risks and uncertainties could cause actual results to differ materially from those disclosed or implied by such forward-looking information. These risks and uncertainties include, but are not limited to, the risk factors set forth in Stingray's Annual Information Form for the year ended March 31, 2025, which is available on SEDAR+ at: www.sedarplus.ca.
