MONTREAL — Music service provider and broadcaster Stingray Group announced Wednesday its 2020 third quarter revenues increased 14.9% year over year, primarily driven by last year’s acquisition of Newcap Radio. “Despite lower radio sales related to challenging market conditions in Western Canada, our radio segment continues to perform well in its other key markets such as Toronto and Ottawa,” said Eric Boyko, president, CEO and co-founder of Stingray, in the company’s news release. The company’s overall revenues increased to $81.3 million in Q3. Looking at results by country, Stingray’s revenues in Canada increased 23.1% to $57.5 million, and in the...
