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Stingray Group Raises $80 Million for Radio Acquisitions Amidst Industry Consolidation
Stingray Group Inc., a major Canadian radio station owner, increased its credit facility by $80 million to $500 million to fund acquisitions, contrasting with competitors like Corus and Bell Media who are selling assets to reduce debt; analysts predict further industry consolidation.
Stingray Group Raises $80 Million for Radio Acquisitions Amidst Industry Consolidation
Stingray Group Inc., a major Canadian radio station owner, increased its credit facility by $80 million to $500 million to fund acquisitions, contrasting with competitors like Corus and Bell Media who are selling assets to reduce debt; analysts predict further industry consolidation.
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