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Newcap buys two radio stations ahead of Stingray acquisition

| 07/13/2018 12:38 pm EDT

The CRTC has approved the acquisition of two Nova Scotia radio stations by Newfoundland Capital Corporation Ltd. Newcap will buy CKEC-FM and CKEZ-FM New Glasgow from Hector Broadcasting Ltd. for $2.7 million. “Hector Broadcasting had decided to divest itself of its...

Newcap Radio posts loss after station acquisitions

telecom | 05/09/2014 4:18 pm EDT

Newfoundland Capital Corp. Ltd., which operates a national network of radio stations as Newcap Radio, said in its first quarter results on Thursday that lower advertising revenues at its radio stations hurt the company’s bottom line. The company reported a loss of $3.2 million, compared with a profit of $2.1 million in the same period last year, on revenue of $28.5 million, down one per cent from $28.8 million in the same period last year. The company blamed the loss on costs related to its $112-million purchase of five radio stations in Toronto and Vancouver from BCE Inc., which...

Deal gives Newcap entry to key Toronto, Vancouver radio markets

Media | 08/27/2013 8:41 pm EDT

Newcap Inc. is looking for opportunities to further expand its radio footprint in large Canadian cities after striking a deal to enter the “major leagues” of Canadian radio, said the...

Newcap selling Fort McMurray radio station

Media | 07/18/2013 9:36 pm EDT

Newcap, owned by Newfoundland Capital Corp., is selling its radio broadcasting licence for Fort McMurray’s CHFT-FM to Harvard Broadcasting Inc., Newcap said in a release. "This was a unique situation in a market where...

Newcap fielding offers for western radio assets

Media | 01/23/2013 3:47 am EST

Newfoundland Capital Corp. Ltd.’s subsidiary Newcap Inc. is considering selling its western broadcasting assets, Newfoundland Capital said Tuesday. In a release, Newfoundland Capital said the assets include 32 radio stations, six repeater licences and two television stations, primarily in Alberta. The company said it had not yet...