DARTMOUTH - Newfoundland Capital Corporation reported EBITDA 2% lower than the same period last year, resulting in a net loss in the third quarter – caused by an $8.5 million unrealized decline in value in marketable securities, said the radio company. But despite the economic conditions, “core operations remained strong” and new station launches and “organic revenue increases” helped grow their revenue 5% to $26.7 million in their third quarter. "While our company continues to post positive revenue growth we are cautious heading into the fourth quarter", said Rob Steele, president and CEO, in the release. "We are monitoring results...
