Milestone Radio Incorporated was a Canadian radio broadcasting company headquartered in Toronto

Toronto

Toronto is the provincial capital of Ontario and the largest city in Canada. It is located in Southern Ontario on the northwestern shore of Lake Ontario. A relatively modern city, Toronto's history dates back to the late-18th century, when its land was first purchased by the British monarchy from...

, Ontario

Ontario

Ontario is a province of Canada, located in east-central Canada. It is Canada's most populous province and second largest in total area. It is home to the nation's most populous city, Toronto, and the nation's capital, Ottawa....

. They were the only broadcasting company in Canada

Canada

Canada is a North American country consisting of ten provinces and three territories. Located in the northern part of the continent, it extends from the Atlantic Ocean in the east to the Pacific Ocean in the west, and northward into the Arctic Ocean...

 that was owned and operated by Black Canadian

Black Canadian

'Black Canadians is a designation used for people of Black African descent, who are citizens or permanent residents of Canada. The term specifically refers to Canadians with Sub-Saharan African ancestry. The majority of Black Canadians are of Caribbean origin...

s. The company's president was Denham Jolly.

Company history

The company was founded in 1988 by five prominent individuals in Toronto's black community. After two attempts to obtain a license, which saw the group controversially passed over in favour of existing radio services, the group finally received a license from the CRTC in 2000 to launch the country's first R&B/hip-hop

Hip hop music

Hip hop music, also called hip-hop, rap music or hip-hop music, is a musical genre consisting of a stylized rhythmic music that commonly accompanies rapping, a rhythmic and rhyming speech that is chanted...

 outlet, CFXJ

CFXJ-FM

CFXJ-FM is a Canadian radio station in Toronto, Ontario, which uses the on-air brand FLOW 93.5. It first aired in 2001 as Canada's first urban music station...

 ("Flow 93.5"), which signed on the air in 2001.

Slaight Communications was a minority investor in the company; this ownership stake was not part of the company's 2007 sale of its broadcasting assets to Astral Media

Astral Media

Astral Media Inc. is a Canadian media corporation. It is Canada's largest radio broadcaster with 83 radio stations in eight provinces, and is a major player in premium and specialty television in Canada, including The Movie Network, Super Écran, Family, Teletoon, Canal D, Canal Vie, VRAK.TV,...

.

In 2003 the company teamed up with CHUM Limited

CHUM Limited

CHUM Limited was a media company based in Toronto, Ontario, Canada from 1945 to 2007. Immediately prior to its acquisition, it held full or joint control of two Canadian television systems — Citytv and A-Channel  — comprising 11 local stations, and one CBC Television affiliate, one...

 to obtain a license for a Rhythmic Top 40 station in Edmonton

Edmonton

Edmonton is the capital of the Canadian province of Alberta and is the province's second-largest city. Edmonton is located on the North Saskatchewan River and is the centre of the Edmonton Capital Region, which is surrounded by the central region of the province.The city and its census...

, Alberta

Alberta

Alberta is a province of Canada. It had an estimated population of 3.7 million in 2010 making it the most populous of Canada's three prairie provinces...

. That station, CHBN

CHBN-FM

CHBN-FM is a contemporary hit radio station based in Edmonton, Alberta, Canada. The station, which is jointly owned by Rogers Radio, operates at 91.7 MHz with an ERP of 100 kW.-History:...

 ("91.7 The Bounce"), made its debut on February 17, 2005. CHBN has since moved to mainstream top 40 since December 2005, and CHUM's stake in the station was transferred to CTVglobemedia

CTVglobemedia

CTVglobemedia , was one of Canada's largest private media companies. Its operations include newspaper publishing , television broadcasting and production , radio broadcasting , and their respective Internet properties.Originally established by BCE and the Thomson family in 2001 combining CTV Inc.,...

 when that company acquired CHUM Limited in 2007.

On June 23, 2010, it was announced that CHUM Radio, a division of CTVglobemedia (now Bell Media Radio), would buy CFXJ pending CRTC approval. The deal was approved by the CRTC on December 23, 2010, and was finalized in February 2011, ending Milestone's foray into radio ownership.