Newcap received approval today to acquire the assets of CIGV 100.7 (GIANT FM) in Penticton, B.C. from Great Valley Radio Ltd. for a purchase price of 2 million dollars. No details were released about Newcap’s future plans for the station, but it is widely believed that they will retain the existing Country format. The deal also includes rebroadcasters CIGV-1 98.9 in Keremeos and CIGV-2 98.1 in Princeton.

http://www.crtc.gc.ca/eng/archive/2012/2012-97.htm

Thanks to Dan Sys of www.radiowest.ca for link and story