Radio / Television News

New stations boost Newcap

DARTMOUTH – Thanks to new stations in Calgary and Charlottetown, radio broadcaster Newfoundland Capital Corporation reported revenue growth of 7% to $26.2 million in the second quarter, ended June 30th and 6% to $45.7 million year-to-date, as compared to the same time frames from 2006. Earnings before interest, taxes, depreciation and amortization were $7.2 million in the quarter and $7.3 million year-to-date. Excluding the effect of last year's marketable securities gains, $6.7 million in the quarter and $8.7 million year-to-date, consolidated EBITDA improved $2.2 million in the quarter and $1.1 million year to date, says the company's press release. Net...