Newcap receives CRTC approval to buy Kamloops’ NL Broadcasting

DARMOUTH - Newfoundland Capital Corporation subsidiary Newcap Inc. is the new owner of NL Broadcasting Limited and its three radio broadcasting licences in B.C.The company said Tuesday that it received CRTC approval for the purchase, which was first announced in May in conjunction with Newcap’s first quarter financial report. NL Broadcasting owns and operates the radio broadcasting licences CHNL-AM, CJKC-FM, and CKRV-FM in Kamloops.Newcap added that the transaction is expected to close within 30 days. www.ncc.ca