Allan Slaight’s profile picture

Allan Slaight

Founder, Slaight CommunicationsFounder, Slaight Communications
Allan Slaight’s profile picture
Net worth 2018: $1.25 Billion
Industry: Media
Country: Canada
BirthDay: 19 July 1931
Sigh: Leo
Children: 2
BIOGRAPHY

Allan Slaight was bornon 19 July 1931 in Canada, is Founder, Slaight CommunicationsFounder, Slaight Communications. Canadian media magnate Allan Slaight started small in radio with CHAB in Moose Jaw, Saskatchewan, in 1948. From the job of on-air reporter Slaight rose rapidly through the industry, becoming General Manager of CHUM radio in Toronto in 1965. Five years later he made the jump to ownership, purchasing stations in Toronto and Montreal, then merging with IWC Communications and later buying Standard Broadcasting Corporation in 1985. In 2007 he sold 53 radio and two television stations, effectively all of Standard's broadcasting assets, to Astral Media for $800 million and 4.75 million Astral shares. BCE Inc. acquired Astral in July 2013 for about $2.5 billion. In October 2013 the Slaight Family Foundation pledged $45 million to five Toronto hospitals. That came after a similar pledge to the the Princess Margaret Cancer Foundation in October 2012, which brought the foundation's total commitment to that organization to $65 million. Slaight gave $18,000 in May 2013 to restore a grand piano belonging to musician Fats Domino, which was damaged in Hurricane Katrina.

NET WORTH STATISTIC
2013

$1.2 Billion

2014

$1.25 Billion

2018

$1.25 Billion

TIMELINE
2007

In 2007, Allan Slaight authorized the sale of Standard Radio Inc

2005

In an interview with the Globe and Mail in 2005, Slaight proudly showcased his extensive library of magic trick books

2004

In 2004, Standard Radio joined with CBC/Radio and SIRIUS Satellite Radio to bring satellite radio to Canada

2003

In 2003, Standard held a 30% interest in Canada's first licensed "Urban" station, Milestone Radio Inc

2002

But after one short visit to CHAB, I realized radio was what I wanted to do with my life," Slaight said in a 2002 interview

2001

Slaight's ethic of philanthropy was summarized in an interview conducted in 2001

1997

Shovels went into the ground February 5, 1997 with an official groundbreaking ceremony held on March 13, 1997, Ultimately the Ontario Teachers Pension Plan led the buyout of Slaight from the Raptors and Air Canada Centre, putting the two teams in one building and insuring the financial viability of Toronto's new home for sports and entertainment and rebranding the business as Maple Leaf Sports & Entertainment

1996

" With Slaight contractually obligated to build the NBA arena (lest he pay $75 million in fines), and Stavro in negotiations with Slaight, land for the Air Canada Centre was purchased in November 1996 at Bay Street and Lakeshore Boulevard

1990

In the early 1990s, he partnered with John Bitove Jr

1989

Slaight is the author of a number of magic titles including Stewart James in Print: The First Fifty Years (1989), The James File (3 Book Set) (2000), the largest work ever published on magic, let alone on the magic of one man, and Essential Stewart James (2007)

1988

On April 8, 1988, the CRTC approved the purchase of CJOH by Baton Broadcasting Inc

1987

The decision was prompted by a 1987 CRTC ruling in which the CRTC awarded a new TV licence for the Ottawa area

1985

"In July 1985, Allan Slaight acquired Conrad Black and Montegu Black's Hollinger Argus Ltd

1982

In 1982, Slaight bought controlling interest in Urban Outdoors, the second largest outdoor advertising business in Canada

1978

in 1978 following the sale of his interest in the Global Television Network and IWC's cable interests

1977

1 was licensed that summer and Q107 debuted on June 1, 1977 with offices operating from Toronto's Hudson Bay Centre, 30th floor and transmitting from the CN Tower

1976

In 1976 Slaight applied for a CFGM-AM renewal licence and asked the CRTC to consider an FM licence for a sister station

1974

In 1974, Slaight authorized a rights offering of IWC's shares where proceeds would be used to finance a portion of Global Communications Ltd

1973

After becoming president of a company running three radio stations and three cable systems, Slaight made a $12 million bid in early 1973 to acquire 52 per cent of Bushnell Broadcasting of Ottawa, Vancouver, and Toronto

1972

On July 13, 1972, Slaight was granted permission by Canadian Radio-television and Telecommunications Commission (CRTC) to acquire 80 per cent holdings of Montreal-based station CFOX-AM

1971

The following year in 1971, Allan Slaight took ownership of CFGM

1970

Slaight had previously bought into IWC in 1970, becoming a shareholder

1967

Slaight returned to Toronto in 1967 with a renewed passion to own his own radio station

1965

His passion for programming served him well when in 1965, Slaight was appointed to become the Vice President of Radio CHUM-1050 Ltd and elected to the board

1964

Radio Caroline had been founded by Ronan O'Rahilly in 1964 to overcome the BBC's radio broadcasting monopoly

1960

By 1960, Slaight had been promoted to become CHUM-AM's Program Director, a position that he held until 1964

1958

In early 1958 Slaight was hired as program and promotions manager for Toronto-based CHUM radio station

1956

Two years later in 1956, Slaight was appointed Merchandising Director

1954

In 1954 Slaight joined Edmonton-based radio station CHED-AM as the station's News Director

1952

Unable to find a job in radio, Slaight sold shoes at the Eaton's Department store before finally joining radio station CFRN that same year as a news reporter before leaving to join CJCA in 1952

1950

In 1950, Slaight and his wife Ada moved to Edmonton, Alberta

1949

Slaight arrived at the University of Saskatchewan in autumn 1949 to uphold a bargain he made with his father

1948

Slaight began his broadcasting career in Moose Jaw, Saskatchewan in 1948 at age 17 as an on-air news reporter and announcer for his father's station CHAB

1945

His family (including Slaight's younger siblings Brian and Ann) moved to Moose Jaw, Saskatchewan when his father Jack bought the Moose Jaw Times-Herald in 1945

1940

Slaight's travelling magician's show was no doubt inspired from his early days in the 1940s performing for his grandfather's staff at a local bank in Galt for $2, or his regular performances at conventions and at the Rotary Club in Moose Jaw

1931

Allan Slaight) (born July 19, 1931) is a Canadian rock and roll pioneer, media mogul, and philanthropist

1310

5 million to buy radio station CFGM-1310 AM (previously known under the call sign CJRH and now known as CFMJ:AM 640)

1050

Responsible for all programming and operations of CHUM-AM and its sister station CHUM-FM, Slaight remained with CHUM-1050 Ltd until 1966 when he and his family left the country for England

1010

The deal saw Slaight's acquisition of two of Canada's oldest and most popular radio stations, CFRB (1010) and adult rock CKFM (99

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