Newcap exploring sale of Alberta broadcasting division

HALIFAX - Newcap Inc. is exploring the possible sale of its western broadcasting assets which are located primarily in Alberta. The assets consist of 32 radio stations, six repeater licences and two TV stations. The sale of the stations would free up Newcap to consider purchasing some of Astral's assets that Bell will likely have to let go if it receives CRTC approval for its takeover. In Newcap’s last third quarter financials it recorded an impairment charge of $7.5 million related to its television operations in Lloydminster, Alberta. It said the charge resulted from the CRTC decision to discontinue the Local Programming...