New Kamloops stations pay off for Newcap in "successful" Q3; buying two more stations for $3.3 million

DARTMOUTH - Newcap Radio owner Newfoundland Capital Corporation is crediting growth at its stations in Ontario and British Columbia for a third quarter lift in profits and revenues.For the period ended September 30, 2017, revenues of $43.1 million were up 4% from the same period last year, primarily due to gains in its Ontario operations combined with the business acquisition in Kamloops, BC. Year-to-date, the Toronto and Sudbury operations achieved strong revenue growth, largely offsetting declines faced in other areas of the country, particularly at certain Alberta and Newfoundland and Labrador stations. Profit for the period of $8.2 million increased 6%...