Newcap Radio revenues drop as Alberta, Newfoundland markets decline

DARTMOUTH, NS — Newfoundland Capital Corporation Limited, owner and operator of Newcap Radio, reported decreases in its quarterly and year-to-date revenues, primarily due to revenue declines in the company’s Alberta and Newfoundland and Labrador operations.Newcap’s revenue for the second quarter of 2017 was $43.6 million, which is $0.6 million or 1% lower than its revenue in the same quarter last year. The company’s year-to-date revenue at the end of the second quarter was $79.3 million, a decrease of $1.8 million or 2% when compared to the first half of 2016.These revenue decreases were largely as a result of the continued...