On April 30, 2010, it was announced that Cogeco will acquire all radio stations owned by Corus in Quebec for $80 million, pending CRTC approval. However, Cogeco must either apply with the CRTC for an exemption from the common ownership policy, or sell off some of these (or Cogeco's own stations) to a third party as they will be over the maximum allowable number of stations in Montreal, Quebec City and Sherbrooke. Corus is selling off their Quebec radio stations, as they are less profitable than Corus's stations in other parts of Canada.