World News: Global Traffic Network acquires Wise Broadcasting Network

World News: Global Traffic Network acquires Wise Broadcasting Network

Global Traffic Network, through its subsidiary Canadian Traffic Network (CTN), has acquired Toronto-based Wise Broadcasting Network for approximately C$400,000.

Global Traffic Network provides custom traffic and news reports to radio and television stations outside the US. The company operates the largest traffic and news network in Australia, and operates seven traffic networks in Canada.

Wise provides traffic information to more than forty stations in Canada, as well as weather, sports, and business news updates.

Wise Broadcasting CEO Bart Murphy commented: “We had reached a point where continued growth meant looking for more resources. Teaming up with CTN allows us the resources to grow not only the radio affiliate base of our information services, but also the technology and resources to expand on the out-of-home and digital front.”

Murphy will remain part of the CTN team.


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