Double-digit revenue continues at Newcap

DARTMOUTH – Radio station owner Newfoundland Capital Corporation saw its double-digit revenue growth continue into its second quarter.Revenue for the quarter ended June 30, 2010 was $30.8 million, a 15% ($4 million) jump over the same period in 2009, while year-to-date revenue of $56.5 million was 14% ($7.1 million) higher than last year. The company attributed the growth to same-station increases.“We have enjoyed double-digit revenue growth for the first half of 2010 and continue to outpace the radio industry's growth rate," said president and CEO Rob Steele, in a statement. "We have achieved excellent positive organic growth as a result of...