DARTMOUTH, NS – Newcap said today it has received approval from the CRTC for the purchase of CTVglobemedia’s 50% interest in Metro Radio Group Inc. for $8.5 million.
Metro Radio Group Inc. operates CKUL-FM (Kool 96.5) in Halifax, Nova Scotia. This transaction is expected to close within 60 days and will give Newcap 100% of the company.
