Canadian Radio-television and Telecommunications Commission

                                                              93-430-00
                                                              Licence Number

                                               Decision CRTC  93-430
                                                              93-430-1


LICENSE TO CARRY ON A PROGRAMMING UNDERTAKING (RADIO)

        Issued in accordance with the provisions of the broadcasting Act,
        and the Regulations made thereunder.

        TRENT RADIO

is hereby authorized to carry on an English language FM radio programming
undertaking at

Peterborough, Ontario

with local programming 

and programs received from any Network, except as prohibited in the
conditions to this license. 

        This license includes authorization to make use of any subsidiary
        communications multiplex operation (SCMO) channel included within
        the main channel, except as prohibited in the conditions to this
        license.

        This license shall remain in force from

                1 September 1993
                     UNTIL
                31 August 2000


on payment of the prescribed annual license fees.

        This license is not valid during any period while the associated
        broadcasting certificate(s) issued under the Radiocommunication Act
        is (are) suspended or revoked.

Call Sign        Frequency                      Power (Watts)
CFFF-FM           96.3 Mhz                       30 E.R.P.

Promise of Performance

1.   ... This license cannot be transferred or assigned.

2.  It is a condition of license that the licensee adhere to the Canadian
    Association of Broadcasters' (CAB)  self-regulatory guidelines on sex-role
    stereotyping, as  amended from time to time and approved by the commission.

3.  It is a condition of license that the licensee adhere to the provisions
    of the CAB's Broadcast Code for Advertising to Children, as amended
    from time to time  and approved by the commission.

4.  The licensee shall not affiliate with or disaffiliate from the Canadian
    Broadcasting Corporation without first having obtained the written
    approval of the Commission.

5.  It is a condition of license that the undertaking be operated on the
    basis of the contours and particulars contained in the approved
    application, except as  otherwise authorized by the commission in
    writing.

6.  This license is also subject to any other conditions of license which
    are specified in the last renewal decision or, if there has been no
    renewal, in the  initial licensing decision and in any subsequent
    written approvals granted during the term of this  licence.

CONDITIONS FOR FM STATIONS ONLY

7.  It is a condition of license that the licensee not use its Subsidiary
    Communications Multiplex Operation channel to distribute ethnic
    programs, where the time devoted to these programs represents more
    than 15% of the broadcast week and the licensee's service area
    overlaps an area already served by an ethnic station without the prior
    written approval of the Commission.

    Service areas will be considered to overlap where they meet the
    criteria set out on page 8 of Public notice CRTC 1989-23

    "Broadcast week", "ethnic program", "ethnic station"  and "subsidiary
    communications multiplex operation channel" have meanings set out in
    the Radio Regulations, 1986.


8.  It is a condition of licence that the licensee comply with each section
    and subsection of the promise of performance, subject to the conditions
    of license set  out in the most recent renewal decision or, in the
    absence thereof, the initial licensing decision, and  that the licensee
    obtain the prior approval of the  commission before broadcasting any
    program that  constitutes a variation from any section or subsection
    of the said Promise of performance.

CONDITION FOR FM STATIONS SERVING MARKETS OTHER THAN SINGLE-STATION MARKETS
(Public Notice CRTC 1993-121)

9.  It is a condition of the licence that the licensee refrain from
    soliciting or accepting local advertising for any broadcast during any
    broadcast week when less than one-third of the programming aired is
    local. The  definition of local programming shall be set out on page 8
    of Public Notice CRTC 1993-38, or as amended  from time to time by the
    Commission.