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The station was acquired by Telemedia in 1998, and Telemedia was in turn bought out by Standard Broadcasting in 2002.
He was largely responsible for making it one of Canada's dominant business conglomerates that had controlling interest in Dominion Stores, Hollinger Mines, Massey Ferguson, Standard Broadcasting, Crown Trust Company and Domtar.
It was the largest owner of radio stations in Canada until 2007, when Astral Media acquired Standard Radio from Standard Broadcasting (now Slaight Communications).