AM 740 sold to MZ

News from across the pond in Toronto (courtesy of Milkmanunlimited.com) reports that Standards / Oldies station CHWO AM 740 has been sold to “MZ Media” Inc for 7.3 million (Canadian). The station had been owned by Michael Caine of “Prime Time Radio, Inc.” The station was owned by the CBC before that with the call sign CBL before the CBC decided to move CBL to the FM dial in the Greater Toronto Area. Meanwhile, Caine saw the 50,000 watt blowtorch as a way to dramatically extend his station’s coverage area from the 5,000 watt station it was on. Thus, AM 740 made it’s debut in January of 2001, which was good news for those in several areas without a nostalgia based station. (This would later include Erie after WRIE 1260 flipped to ESPN sports.) The format on AM 740 is expected to remain intact.