Radio ad demand on the rise, says Newcap

DARTMOUTH, N.S. - Radio and TV broadcaster Newfoundland Capital Corporation recorded across the board increases during the first quarter of 2005, ended March 31st. And happily, notes CEO Rob Steele, the company has noticed an increasing demand for radio advertising. Significant increases in revenue were experienced in nearly all of its markets. Most notably, Ottawa's revenue (Hot 89.9 FM) increased dramatically over the same period last year as a result of the station becoming more mature in the market. Other markets experiencing substantial revenue increases included Edmonton (96X, KRock), Halifax (780 KIXX, Q104 and KOOL 96.5) and Moncton (C103, XL...