Radio leads NewCap to "best fourth quarter ever"

DARTMOUTH – Growth in its broadcasting segment helped power Newfoundland Capital Corporation (NewCap) to its “best fourth quarter ever”.Broadcasting revenue of $29.7 million was $1.3 million or 4% better than the same quarter last year, while for the year, broadcasting revenue of $101.8 million was $2.0 million or 2% ahead of last year. The company’s Atlantic Canada radio properties and “organic” (same-station) operations accounted for primarily all of the revenue growth in the quarter and for the year, the company said.Consolidated revenue of $30.5 million in the fourth quarter improved by 4%, and for the year ended December 31, 2009,...