Radio & Television

Q3 profits jump 57% at Newcap

DARTMOUTH – “Strong organic growth" at Newfoundland Capital Corporation’s new stations in Toronto and Vancouver helped to buoy the radio broadcaster's third quarter revenues and profits.For the period ended September 30, 2015, revenues of $41.0 million were up 4% from $39.3 million year-over-year, while earnings before interest, taxes, depreciation and amortization (EBITDA) grew 20% from $9.9 million to $11.9 million.  Organic EBITDA growth was 20% in the quarter.Profit for the period of $6.7 million was 57% higher than $4.3 million in the same period last year, because of higher revenue as well as lower unrealized losses on marketable securities.  "This was a...
 

Our industry and COVID-19

We've gathered a number of links where Canadian cable, radio, television, telecom and wireless companies have posted their responses to the Covid-19 pandemic.