Newcap bags a Moose, more to come, says CEO Steele

DARTMOUTH, N.S.- Newcap Inc. announced today it will pay Haliburton Broadcasting $18.95 million for 12 FM stations in Central and Northern Ontario. The press release doesn’t specify the stations exactly, but Haliburton owns 12 English-language radio licenses across Ontario’s cottage country and into northeastern Ontario which are branded Moose FM. The stations are all generally A/C, classic rock or light rock stations and several are the only local FM signal in the market. The Moose stations’ frequencies and towns are: 106.3 North Bay; 93.1 Timmins; 97.7 Bancroft; 99.5 Bracebridge; 93.5 Haliburton; 105.5 Huntsville; 101.3 Parry Sound; 98.1 Cochrane; 94.1 Elliot...