First, full disclosure: I was part of one of the other 21 groups applying for a license on 88.1 Mhz in Toronto. I just want to get that out of the way.
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Power? That's a handicap. The new station will operated with a transmitter running at 532 watts (no, that's not a typo) with a maximum radiated power of 875 watts (again, not a typo). For example, CHFI runs at 44,000, CHUM-FM at 40,000 and the Edge at 35,000. The station is going to be hard to get outside the borders of Toronto proper.
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My take? An interesting decision by the CRTC--and that's coming from someone who was at the hearings back in May. The Commission looks good by offering a newcomer a space on the Toronto dial. The Toronto indie scene has been getting bigger and bigger over the last decade and certainly deserves additional exposure. A radio station home for this music is good for the community. I wish them all the luck in the world.
Is there a "but?" Not really--but the radio drama in the city isn't over yet. BCE is going to have to sell Boom 97-3 and The Flow when the Astral purchase goes through. And don't be fooled by those "Say No to Bell" ads. The sale will go through but with a whack of additional conditions. Which companies have pockets deep enough to buy one or both of these established, profitable radio stations? Place your bets.