Radio & Television

New stations power Q2 profits at Newcap

DARTMOUTH – Newfoundland Capital Corporation’s five new stations in the Toronto and Vancouver radio markets seem to be paying off at last.For the second quarter ended June 30, 2014, the radio broadcaster posted profits of $7.5 million, up 26% from $5.9 million the same quarter last year, which it said was due to the acquisition and $0.8 million of realized gains from the sale of marketable securities.  Year-to-date profit was $4.3 million, down 46% year-over-year, because of acquisition-related costs of $8.8 million related to the Toronto and Vancouver business acquisition.  Offsetting these one-time costs, Newcap benefited from $2.3 million of...
 

Our industry and COVID-19

We've gathered a number of links where Canadian cable, radio, television, telecom and wireless companies have posted their responses to the Covid-19 pandemic.