Allan Slaight
Name: Allan Slaight
Occupation: Media
Gender: Male
Birth Day: July 19, 1931
Age: 89
Country: Canada
Zodiac Sign: Leo

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Allan Slaight

Allan Slaight was born on July 19, 1931 in Canada (89 years old). Allan Slaight is a Media, zodiac sign: Leo. Nationality: Canada. Approx. Net Worth: $1.2 Billion. With the net worth of $1.2 Billion, Allan Slaight is the #1094 richest person on earth all the time in our database.

Net Worth 2020

$1.2 Billion
Find out more about Allan Slaight net worth here.

Family Members

# Name Relationship Net Worth Salary Age Occupation
#1 Gary Slaight Children N/A N/A N/A

Physique

Height Weight Hair Colour Eye Colour Blood Type Tattoo(s)
N/A N/A N/A N/A N/A N/A

Biography

Biography Timeline

1945

John Allan Slaight was born in Galt (now Cambridge), Ontario, Canada to Florence Eileen Wright and John Edgar (Jack) Slaight, a newspaperman who worked for the Galt Evening Reporter (now Cambridge Reporter). 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. Jack Slaight was also the eventual co-owner of Moose Jaw radio station CHAB-AM, one of Canada's first radio stations.

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. His late night jazz program, Spins and Needles, whet his appetite for the radio industry, which, through the next five decades, would become his life. "I had never been inside a radio station before. 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.

1949

Slaight arrived at the University of Saskatchewan in autumn 1949 to uphold a bargain he made with his father. In exchange for working the one year at CHAB, Slaight was required to attend university. While at the University of Saskatchewan, Slaight worked as a columnist (A Sap's Fables) and jazz reviewer for the college newspaper, The Sheaf. Slaight dropped out of his studies at the University of Saskatchewan after his first year and balanced his burgeoning broadcasting career with his travelling magic show.

1950

Instead, Slaight, married to his wife Ada Mitchell in 1950 when he was 19 and with three young children to support (Gary b. 1951, Greg b. 1953, Jan Marie b. 1954), combined his entrepreneurial spirit and his showmanship savvy to enter the world of radio.

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

1954

In 1954 Slaight joined Edmonton-based radio station CHED-AM as the station's News Director. Two years later in 1956, Slaight was appointed Merchandising Director.

1958

In early 1958 Slaight was hired as program and promotions manager for Toronto-based CHUM radio station. CHUM had earlier turned to rock and roll to achieve a larger listenership and it was hoped that importing Slaight from Edmonton would allow CHUM to reach the number one spot on Toronto's radio waves.

1960

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

1964

With Terry Bate (of Stephens & Towndrow, a sales promotion company in Canada), Don McKenzie and Saundra MacKenzie, Slaight travelled to England to establish a sales agency for Radio Caroline. Radio Caroline had been founded by Ronan O'Rahilly in 1964 to overcome the BBC's radio broadcasting monopoly. "Unlicensed by any government for most of its early life, it was a pirate radio station that never actually became illegal, although after the Marine Offenses Act it became illegal for a British subject to associate with it." The station operated beyond the 12-mile limit off the English coast broadcasting from International Waters on a ship, and aired rock music and commercials (not broadcast by BBC Radio) into London.

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. 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.

1967

But the acceptance of commercial radio was still years away in England and Slaight returned to Toronto in 1967.

Slaight returned to Toronto in 1967 with a renewed passion to own his own radio station. Upon his return he formed Allan Slaight Limited, a company engaged in advertising and communications. He then established a strategic partnership with Stephens & Towndrow for his company to act as consultants in Programming, Sales and Marketing. Stephens and Towndrow was a sales firm which placed commercials with radio and TV stations. They represented 18 AM and FM radio stations throughout Canada and had been acquired by Canadian broadcasters from CBS Radio. By September of that same year, Stephens & Towndrow publicly announced that Slaight was to be appointed President and Managing Director.

1970

In 1970, Allan Slaight founded Slaight Broadcasting Ltd. and raised $2.5 million to buy radio station CFGM-1310 AM (previously known under the call sign CJRH and now known as CFMJ:AM 640). Slaight had put a second mortgage on his house and sought out investment partners including Gordon Lightfoot, by guaranteeing them a generous return on investment should they back him.

On December 14, 1970, approval was given for Slaight Broadcasting Ltd. to purchase CFGM Broadcasting Ltd. from owners John Graham and Stewart Coxford. The following year in 1971, Allan Slaight took ownership of CFGM. CFGM, at the time, was Canada's first full-time country and western music station. It wasn't until an application was made in 1976 that CFMJ's frequency was moved to 1320 kHz.

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. Upon ownership, Slaight changed the format to "new country music" to match CFGM.

1973

After receiving federal permission on May 22, 1973, Slaight Broadcasting Ltd. merged with IWC Communications (originally Industrial Wire and Cable) on July 1, 1973. The merger resulted in Slaight acquiring other cable media systems in Mississauga, Barrie, Orillia, and Sarnia-based radio station CHOK, while retaining CFGM Broadcasting Ltd. and Radio CFOX Inc. Slaight had previously bought into IWC in 1970, becoming a shareholder. CFGM Broadcasting Ltd continued as a subsidiary of IWC Communications Ltd.

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. The CRTC rejected the bid on March 26, 1973. But, the following day, Slaight was pleased to find out he and the board of directors had been given permission to acquire the fledgling and debt-ridden Global Television Network that had been founded by Al Bruner.

1974

On April 15, 1974, under a restructuring and re-financing plan put forward by a group of investors, Allan Slaight purchased a 45 per cent interest in Global Communications Ltd, along with Global Ventures Holding Ltd. (45 per cent) and Seymour Epstein (10 per cent).

In 1974, Slaight authorized a rights offering of IWC's shares where proceeds would be used to finance a portion of Global Communications Ltd. Slaight also was granted approval from the network's original public investors to change voting power and repayment terms so that he could better financially negotiate for the September television line-up.

1976

By December 1976, Slaight had successfully navigated Global out of debt and the television station had reached a break-even point in its day-to-day operations. In an ambitious move, Slaight and IWC exercised a "buy-sell clause" on December 22 to buy out its investment and financing partners Global Communications Ltd. and Seymour Epstein. Collectively, the two partners held 55% of Global's holdings. Instead, Slaight and IWC were bought out by Winnipeg Theatre tycoon Paul Morton.

In 1976 Slaight applied for a CFGM-AM renewal licence and asked the CRTC to consider an FM licence for a sister station. Slaight proposed that the new station would offer an ombudsman service for listeners and include other services such as consumer reports. The station, operating on bandwidth 107.1 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.

1977

As a result of the buy-out, IWC's holdings were reduced significantly in the industry and in 1977 IWC prepared to sell off its controlling interest of its broadcasting holdings to Selkirk Holdings Ltd. (one of Canada's largest broadcasting companies at the time), and to sell off its cable television assets to Credit Valley Cable TV/FM Ltd. The CRTC denied the radio-related application but approved the cable application. In the wake of the ruling, Slaight distributed over $10 million among shareholders (the net proceeds from the sale of Global Communications Ltd.) and successfully requested to change the company's name to Radio IWC Ltd.

1978

In 1978, Allan Slaight made a bid for all the common shares outside of Radio IWC Ltd. essentially becoming IWC's largest shareholder. At the time, he owned 14 per cent, with Allpak Products Ltd. controlling 36 per cent. Under the new agreement, Slaight acquired another 42 per cent (including 36% from Allpak Products Ltd and 6% from Joseph Mac-Brien), and purchased CFGM Broadcasting Ltd. (CFGM and CILQ-FM) from IWC Communications Ltd. in 1978 following the sale of his interest in the Global Television Network and IWC's cable interests. He renamed Radio IWC Ltd to Slaight Communications Inc. the following year.

1982

In 1982, Slaight bought controlling interest in Urban Outdoors, the second largest outdoor advertising business in Canada. The company specialized in backlit outdoor advertising in Canada's 20 largest markets. The pairing of outdoor advertising with radio seemed a natural fit to Slaight who stated that the business was "about as recession-proof as any business."

1985

In early 1985, Slaight and a group of businessmen proposed a controversial idea, that of purchasing the CBC's English language TV network. Under the privatization plan, private business interests would have transformed the CBC's English TV network to a profit-oriented business and would have reduced Canadian content from 74 per cent to 50 per cent in prime time and 60 per cent overall. Prime Minister Brian Mulroney definitively stated that CBC was not for sale. Slaight nonetheless saw the endeavour as an exercise to expose waste at the CBC. "But if we can expose what some of us see as scandalous waste at the CBC, I think we will have done a decent thing for the taxpayers."

In July 1985, Allan Slaight acquired Conrad Black and Montegu Black's Hollinger Argus Ltd.'s 49 per cent stake in Standard Broadcasting Corp.

1988

In 1988, Slaight diversified Standard Broadcasting by branching out into production and program syndication with the launch of Sound Source Networks. Sound Source Networks was Standard Broadcasting's syndication division delivering content and targeted programming.

On April 8, 1988, the CRTC approved the purchase of CJOH by Baton Broadcasting Inc., with the transfer taking place May 5, 1988.

1996

Slaight and Bitove eventually disagreed on this very arena, with Slaight calling it "financial suicide" to build a separate stadium without the Maple Leaf hockey franchise who publicly declared to build their own arena, meaning two rival buildings. The Maple Leafs were willing to share the majority of the cost burden and have the Raptors act as a junior, tenant. Eventually, Slaight invoked the "shotgun clause" in his ownership deal, essentially forcing either Bitove or Slaight to buy out one another with a 60-day limit to pay the cash. Slaight prevailed and reluctantly bought out Bitove, whose passion for the Raptors was evident but declined the offer. On November 15, 1996, Slaight gained 79 per cent control of the Raptors. "It's exciting, nervous-making and at the same time very proud. It's a big financial exposure. Anything of this magnitude would make any sane individual nervous – and I still have some sanity," Slaight said.

Though Leafs Chairman Steve Stavro publicly declared having little interest in moving the Maple Leafs to the proposed "basketball" arena, the Air Canada Centre at the foot of Bay Street, 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. 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 erecting Toronto's new home for sports and entertainment and rebranding the business as Maple Leaf Sports & Entertainment.

2001

In the 1990s, Slaight continued expanding the company's acquisition base, acquiring CFCN-AM, CJAY-FM (from Calgary), CFRN-AM and CJKE-FM (from Edmonton), CKZZ-FM (Vancouver), CISL (Richmond). By July 2000, Standard owned 12 stations. By early 2001, Standard owned 35 radio stations. In June 2001, Standard Broadcasting acquired 64 radio stations from Quebec's Telemedia Corp., which was owned by the de Gaspe Beaubien family. The station acquisitions included four stations in London, Ontario, three in Hamilton, Ontario and three in St. Catharines, Ontario. Two months later, Standard Broadcasting sold 29 of those stations before receiving regulatory approval for the original Telemedia buy.

While Slaight had handed the reigns of day-to-day operations in 2001 to Dave Coriat, CFO, and son Gary Slaight, CEO, Allan Slaight is quick to point out that his authority still prevails. "If I really resist something, it generally doesn't happen," Slaight admitted. Coriat agreed when interviewed, citing Allan Slaight's impeccable timing and business instincts, calling Slaight the "ultimate entrepreneur" who can quickly calculate potential return and "controlled risk-taking." "He's not about to blow the money he's worked so hard to earn," Coriat said of Slaight.

Slaight has a long history of philanthropic activities in a number of health and arts related realms. Slaight's ethic of philanthropy was summarized in an interview conducted in 2001. "I've done pretty well by Canada and by Toronto, and I very strongly believe you should give a lot back."

2002

In 2002, Standard acquired Iceberg Media.com Inc, an internet radio portal providing music for Web sites. The acquisition complemented Standard's existing portfolio as they held a minority interest in Moontaxi (a jazz and classical music online radio service) and MapleCore Ltd. (an e-commerce portal selling concert merchandise and tickets).

2003

In 2003, Standard held a 30% interest in Canada's first licensed "Urban" station, Milestone Radio Inc. and an equivalent interest in Haliburton Broadcasting Group Inc. that consisted of nine Ontario stations, a group of rural Alberta stations and a Calgary-based jazz station, as well as a number of other interests (Sound Source Networks, Video One, Instore Focus Inc, Professional Warehouse Demonstrators, Canada Post Transfer Corporation).

2004

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

2005

While Slaight focused his talent for showmanship in the realm of broadcasting, magic continues to be ever present in Slaight's life. In an interview with The Globe and Mail in 2005, Slaight proudly showcased his extensive library of magic trick books. The collection numbers in the thousands of volumes and is one of the single largest collections on the craft.

2007

In 2007, Allan Slaight authorized the sale of Standard Radio Inc. to Astral Media Inc. in a $1.08 billion deal. The negotiation saw Slaight taking one-fifth of the purchase price of Astral stock ($880 million cash), giving Slaight a non-voting stake (4.75 million class A non-voting shares) in the company of 8.7 percent. The sale did not include Standard's interests in Sirius Satellite Radio, Iceberg Media, Flow 93.5FM, Haliburton Broadcasting and Newcap Inc. in Alberta.

🎂 Upcoming Birthday

Currently, Allan Slaight is 90 years, 4 months and 20 days old. Allan Slaight will celebrate 91st birthday on a Tuesday 19th of July 2022.

Find out about Allan Slaight birthday activities in timeline view here.

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