Stingray shutters two Lloydminster conventional TV stations

Stingray announced Tuesday the closure of its sole conventional television properties, CITL-TV and CKSA-TV in Lloydminster, Alberta. CITL-TV operated as a CTV-affiliated station, while CKSA-TV was affiliated with Citytv. Both TV stations were acquired by Stingray in 2018 when it acquired Newfoundland Capital Corporation (commonly known as Newcap). In a press release, Stingray said the two stations have operated “under increasingly challenging economic conditions which have greatly deteriorated over the last 6 years”. During that time, viewership has substantially decreased and revenues have dropped by more than half, Stingray said. “Despite cost-containment strategies, the expense of producing local television in...