New stations, investments, boost Newcap

DARTMOUTH, N.S. – Thanks to its growing operations (acquisitions and new license launches), Newfoundland Capital Corporation reported a very strong second quarter of 2006. Revenue growth was 17% in the second quarter, ended June 30th, climbing to $24.5 million in the quarter and 18% to $43.1 million year-to-date; a result of the incremental growth from acquisitions and new station launches, said the company. Assets acquired in 2005 that are now contributing to the bottom line in 2006 include the company's acquisition of three radio stations and two TV outlets in Lloydminster, Alberta, an FM radio licence in Thunder Bay, two...