CRTC approves sale of Newcap stations in Thunder Bay

DARTMOUTH – Newcap has received CRTC approval to sell its two FM stations in Thunder Bay, ON, to Acadia Broadcasting.This transaction, which was announced in July, is expected to close within the next 30 days. Newcap president and CEO Rob Steele said previously that there was limited opportunity for the company to expand its presence in the Thunder Bay area. It currently holds 79 radio broadcasting licences across Canada.www.ncc.ca