Newcap Radio revenue boosted by growth in Toronto, Ottawa markets

DARTMOUTH, N.S. — Newcap Radio owner Newfoundland Capital Corporation announced its financial results for the second quarter of 2016 on Thursday, reporting 4% year-over-year growth for both its Q2 and year-to-date revenue, which it primarily attributed to strong listener ratings in its growing Toronto and Ottawa markets.Newfoundland Capital (Newcap) reported its Q2 2016 revenue of $44.2 million was $1.6 million higher than revenue for the same quarter in 2015, and its year-to-date revenue of $81.1 million was $3.0 million more than revenue it reported at the end of Q2 2015.The radio broadcasting company’s earnings before interest, taxes, depreciation and amortization...