Harvard Broadcasting acquires Newcap's CHFT-FM in Fort McMurray

DARTMOUTH, NS – Newcap Inc. has agreed to sell its CHFT-FM radio station in Fort McMurray, Alta., to Harvard Broadcasting Inc., the company announced today. Financial terms of the deal were not immediately available. “This was a unique situation in a market where two stand-alone stations were up against a competitor with two FMs,” said Newcap president and CEO Rob Steele of the announcement. “It made sense for one of us to acquire the other to make the market a level playing field. We would like to thank all our employees for their dedication and support over the last number of years.”...