Newcap Broadcasting

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Newfoundland Capital Corporation Ltd. (TSXNCC.A, TSXNCC.B), doing business as Newcap Broadcasting, is a major Canadian broadcasting company. Harold R. Steele is the majority shareholder. It is one of Canada's largest radio broadcasting groups, with 76 stations fully or partly owned across Canada.

The group's Newfoundland and Labrador division includes all but three of the full-power commercial stations in that province. It is sometimes known as Steele Communications.

On November 6, 2004, the company launched the Canadian Hit 30 Countdown, currently Canada's only nationally syndicated CHR hit countdown.

Newcap is also a corporate sponsor of Canada's Aboriginal Voices radio network. At present, the firm's sole non-broadcast asset is a hotel in Corner Brook, The Glynmill Inn (the Steele family owns additional hotels privately).


The following list comes from the CRTC's media ownership charts as of December 14, 2006. Due to recent acquisitions, the list may not be complete.

Contents

Newcap acquired its first television assets in January, 2005, with the purchase of the CKSA/CITL twinstick in Lloydminster.

The following stations are 100 per cent Newcap-owned.

  • Halifax - CFDR, CFRQ
  • Kentville, Nova Scotia (approved July 2007)
  • Sydney, Nova Scotia (approved July 2007)

The following stations are owned by 3937844 Canada Inc., a partnership between Newcap (76.34%) and Standard Broadcasting (23.66%). All of the stations are in Alberta. Newcap has recently applied to the CRTC for permission to purchase Standard's shares; it is currently unknown if the sale was approved before or after Astral Media's acquisition of Standard.

The following stations are owned by Atlantic Stereo Ltd., 62.2% Newcap-owned and 37.8% owned by three other shareholders.

The following station is owned by Sun Radio, Ltd., a 50-50 partnership between Newcap and CTVglobemedia. As a result of the CFDR flip to the FM band, the CRTC has mandated the sale of Newcap's shares in Sun Radio. A purchaser has not yet been named.

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