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TAGGED AS ROB STEELE

Stingray to move into radio with NewCap parent buy

Media | 05/02/2018 5:33 pm EDT

Stingray Digital Group Inc. will enter the radio business with the purchase of Newfoundland Capital Corporation Ltd. (NCC), the second-largest private radio player in the country, it said in a Wednesday release. The $506-million buy will make Montreal-based Stingray the...

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 company’s president and chief executive, Rob Steele. In a release Monday, the Newfoundland Capital Corp. subsidiary said it had reached a $112-million deal to acquire five BCE Inc. radio stations in Canada’s two largest English-language radio markets: CHBM-FM and CFXJ-FM in Toronto, and CKZZ-FM, CHHR-FM, and CISL-AM in Vancouver. The deal, once approved, would give the Dartmouth,...