Newcap’s Q2 2018 revenues buoyed up by Kamloops market

DARTMOUTH, NS — Newcap Radio owner Newfoundland Capital Corporation reported Thursday its revenues in the second quarter of 2018 were down slightly compared to Q2 2017, saying its expansion into the Kamloops, BC, market had provided revenue growth to help offset soft results in Ontario and Newfoundland and Labrador.These were the first financial quarter results released from the company since its proposed acquisition by Stingray Digital Group was announced in May. On June 27, Newfoundland Capital’s shareholders approved the acquisition arrangement with Stingray, and the company received final court approval after the second quarter ended. Stingray’s acquisition of the company...