NewCap looking to sell western broadcast operations
Newfoundland Capital Corporation is putting its broadcasting operations in western Canada up for sale.
The sale would include 32 radio stations and two television stations, most of which are located in Alberta. NewCap says some of the money could be used to invest in areas closer to its base in Atlantic Canada, reducing debt or returning capital to its shareholders.
The company already owns most of the private radio stations in Newfoundland and Labrador, as well as several hotels in the province.
Newfoundland Capital is the parent company of Steele Communications.
- George Stroumboulopoulos to host Hockey Night in Canada next season
- Malaysia Airlines jet search widens as stolen passports probed
- Autistic son 'prisoner' in Ottawa hospital
- GTA home prices tell tale of 2 cities: condos vs. family homes
- Canada falling behind on promise to Syria's refugees
- HIV 'cure' for babies tested in Canada
- Months-long moving saga ends happily for Canadian couple
- Why bitcoin isn't dead yet
- Lev Tahor case: 7 children taken by child services in Ontario
- South Korean trade deal sets up fight between auto, agriculture sectors
Shelling continued on Monday in Iraq's city of Fallujah, held by anti-government fighters for more than two months. Duration: 00:31
Date 50 mins ago, Duration 0:30, Views 0
Video by: AFP
Date 4 hrs ago 0:37
Tooltip Information:RAW: Water main break floods McPhillips underpassVideo by:Description: A morning water main break flooded the McPhillips Street underpass and forced it to close to traffic.Rating: 4Views: 747954