June 3, 2019
Intercity Broadcasting Network, a Toronto, Ontario-based company that operates the G98.7 radio station, was placed in investigative receivership on June 3 on application by Jamrock Broadcasting and Delford Blythe. Officially launched in 2011 by Fitzroy Gordon, the radio station focused on programming for the Caribbean-African community in the Greater Toronto Area. Blythe, a minority stakeholder and former senior executive of the station, brought an application in 2016 for relief from corporate oppression after he was stripped of his management roles after discovering what he alleges was financial mismanagement of the station by Gordon. Blythe alleges that Gordon was, among other things, directing revenue from online web advertisements to himself personally. The matter was adjourned sine die after Gordon suffered a stroke in 2017. Following Gordon's death in April 2019, Blythe learned that the radio station is in the midst of a serious financial crisis and is in danger of losing its radio license for failing to pay required CRTC obligations. The receivership will bring stability to the situation as the station charts its way forward. Farber was appointed investigative receiver. Carlson & Kociper is counsel for the applicants.