13:52:42 EDT Tue 07 May 2024
Enter Symbol
or Name
USA
CA



ZoomerMedia Ltd
Symbol ZUM
Shares Issued 287,634,950
Close 2024-02-09 C$ 0.025
Market Cap C$ 7,190,874
Recent Sedar Documents

ZoomerMedia to acquire CJOS Bounce 92.3 FM from Bell

2024-02-09 10:30 ET - News Release

Mr. Moses Znaimer reports

MOSES ZNAIMER ANNOUNCES ZOOMERMEDIA ACQUISITION OF OWEN SOUND'S CJOS BOUNCE 92.3 FM FROM BELL MEDIA

ZoomerMedia Ltd. has agreed to an acquisition of CJOS Bounce 92.3 FM from Bell Media. CJOS broadcasts adult hits in Owen Sound, Ont. The sale is subject to CRTC (Canadian Radio-television and Telecommunications Commission) approval and other closing conditions.

Moses Znaimer, founder and chief executive officer, stated: "ZoomerMedia is an experienced radio operator and we already own other media in South Georgian Bay. To our New Classical 102.9 FM and lifestyle magazine On The Bay and the new television station in a digital box Baywatch.ca, we now add CJOS in Owen Sound. Taken together, ZoomerMedia will become a more powerful regional voice in local news, music and information. Bell has passed this public-asset licence to people with a long-term interest in the area.

"In a world of maddening paywalls and creeping subscriber fees, radio is the one medium that remains free for all. It can be consumed over the air or over a wire, in analogue or digital, anywhere in the world, and, as I've heard from so many listeners during the pandemic or in the days of the great digital outage, radio is a reliable technical and emotional companion and a great emergency assist in bad times as well as good."

Dan Hamilton, general manager, radio, and chief revenue officer, stated: "Moses is a well-known champion of local media in general and of Southern Georgian Bay in particular. Ten years ago, he established ZoomerMedia's presence here in Collingwood. Since then, we've built up a trusted local sales force who know the geography, the businesses and the people. And we have a long roster of loyal clients who appreciate the one-stop-shop integrated media plans we offer. CJOS is a natural extension of our service to the area and will enable advertisers to broaden their reach and impact."

ZoomerMedia operates an office in downtown Collingwood, out of which it publishes the On The Bay magazine four times a year for the towns and villages of Southern Georgian Bay and broadcasts the Classical Jukebox five hours a day on weekdays with local host Daniel Vnukowski live on the New Classical 102.9 FM (Southern Georgian Bay) plus 96.3 FM (Greater Toronto Area) and 103.1 FM (Eastern Ontario). Recently, ZoomerMedia launched Baywatch.ca, a TV-style digital channel featuring up-to-the-minute headlines and sales offers, along with video stories showcasing local faces, places and events.

About ZoomerMedia Ltd.

Founded by television and media icon Moses Znaimer in 2008, ZoomerMedia is a multimedia company devoted to creating content, services and experiences for Canada's most powerful audiences: the 17.2 million people aged 45 plus (also known as zoomers) and the 13.7 million millennials and Gen Zs (coincidentally also called zoomers), who follow in their footsteps.

ZoomerMedia operates five TV, two radio, three print, three live-event and 22 digital properties, including the newly acquired youth-friendly local news and lifestyle digital publication blogTO. ZoomerMedia produces original TV, radio and podcast programming and offers clients creative audio and video production services and bespoke events on site at its 2.6-acre complex in Toronto's Liberty Village.

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