LLOYDMINSTER, AB, MAY 13, 2025 – Stingray (TSX: RAY.A; RAY.B), an industry leader in music and video content distribution, business services, and advertising solutions, today announced the closure of CITL-TV/CKSA-TV in Lloydminster, Alberta.
Representing Stingray’s sole conventional television properties, CITL/CKSA TV has operated under increasingly challenging economic conditions which have greatly deteriorated over the last 6 years. During that time, viewership has substantially decreased, and revenues have dropped by more than half. Despite cost-containment strategies, the expense of producing local television in a market the size of Lloydminster has resulted in significant losses, making the continued operation of the Lloydminster TV stations unsustainable.
Contributions from programs like the ILNF, Distant and DTH 4+1 Signal have reduced, and while there has been promise of more support for conventional television through ILNF with the Online Streaming Act, to date, it has been minimal.
“This difficult decision to cease our television operations in Lloydminster was made after prolonged consideration and thorough exploration of alternative possibilities for the properties, including ownership transfer to other broadcasters,” said Steve Jones, President of Stingray Radio. “We wish to recognize the dedication and perseverance of the staff of CITL/CKSA whose commitment and passion for television have informed and entertained their community. We also sincerely thank our viewers, our community partners, and our advertisers.”
Stingray remains committed to the community of Lloydminster through its local radio station New Country 95.9, as well as four radio stations in the surrounding region – Hot 101.3 in Bonnyville, boom 95.3 in Cold Lake, boom 101.9 in Wainwright, and Hot 93.7 in Wainwright. The company is deeply invested in these communities and believes strongly in the short and long-term viability of small market radio.
About Stingray
Stingray (TSX: RAY.A; RAY.B), a global music, media, and technology company, is an industry leader in TV broadcasting, streaming, radio, business services, and advertising. Stingray provides an array of music, digital, and advertising services to enterprise brands worldwide, including audio and video channels, 97 radio stations, subscription video-on-demand content, FAST channels, karaoke products and music apps, and in-car and on-board infotainment content. Stingray Business, a division of Stingray, provides commercial solutions in music, in-store advertising solutions, digital signage, and AI-driven consumer insights and feedback. Stingray Advertising is North America’s largest retail audio advertising network, delivering digital audio messaging to more than 30,000 major retail locations. Stingray has close to 1,000 employees worldwide and reaches 540 million consumers in 160 countries. For more information, visit www.stingray.com.
For more information, please contact:
Frédérique Gagnier
Director, Communications and Partnerships
Stingray
[email protected]