Revenue, earnings, profit rise at Newcap

DARTMOUTH, N.S. – Radio broadcaster Newfoundland Capital Corporation boasted revenue of $26.9 million in the first quarter of 2011, $1.2 million (5%) higher than last year. This increase was attributable to organic (same-station) revenue growth, said the company.EBITDA of $4.9 million in the quarter was 8% higher than last year and profit for the period of $2.9 million was 103% better than the same quarter last year due to improved EBITDA as well as the increase in market value of marketable securities.Other developments in the quarter, ended March 31st, included:• The company launched its FM conversion in Brooks, Alberta in...