NewCap caps "impressive" 2010 with revenues that double industry average

DARTMOUTH – Small market radio station owner Newfoundland Capital Corporation delivered “one of its most impressive years on record” after posting double-digit revenue growth that doubled the industry average.For the year ended December 31, 2010, the company reported growth of 12%, ending the year with revenue of $117.4 million, while EBITDA was $25.6 million compared to $21.1 million last year. Net income for the fourth quarter of $4.7 million and $10.7 million for the year were lower than last year due to the CRTC Part II fee reversal, an increase in copyright fees, a broadcast licence impairment charge in 2010,...