- Newcap Radio
-
Newfoundland Capital Corporation Limited 
Type Public Industry Media Headquarters Halifax, Nova Scotia, Canada Key people Harold R. Steele (chairman)
Robert G. Steele (president and CEO)Owner(s) Harold R. Steele (majority shareholder) Employees 850[1] Divisions television broadcasting, radio broadcasting Website www.ncc.ca Newfoundland Capital Corporation Limited (TSX: NCC.A, NCC.B) is a major Canadian broadcasting company, majority-owned by Harold R. Steele. Newfoundland Capital is the parent company of Newcap Inc. (currently doing business as Newcap Radio and formerly known as Newcap Broadcasting). It is currently the number two private-sector radio broadcaster in Canada, just behind Astral Media. It operates 76 stations, fully or partly, across Canada. The group also owns two "Newcap Television" stations, both in Lloydminster on the Alberta/Saskatchewan border.
The group's Newfoundland and Labrador division, known as Steele Communications, includes all but two of the full-power commercial stations in that province.
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.
In the past, Newfoundland Capital acted as a conglomerate with interests in diverse industries such as newspapers and freight transportation. Presently, the firm's only asset outside of the broadcasting industry is a hotel in Corner Brook, the Glynmill Inn, although the Steele family has additional private holdings outside of the Newcap corporate umbrella.
Contents
Recent transactions
In July 2008, Newcap announced a deal to trade CFDR in Halifax to Rogers Media in exchange for CIGM in Sudbury. Both stations were the sole remaining AM stations in their respective markets, and in both cases the current owner already had the maximum permitted number of FM stations in the applicable market, whereas the acquirer only had a single FM station. Both companies successfully applied to move the stations to FM as part of the trade. Newcap flipped CIGM Sudbury to FM on August 25, 2009, and Rogers flipped CFDR Halifax to FM on August 7, 2009.[2]
On July 28, 2008, Newcap Inc. also announced that it had a tentative deal to acquire 12 stations in Ontario from Haliburton Broadcasting Group, subject to CRTC approval, for a price of $18.95 million.[3] The company's application to acquire the Haliburton stations was formally published by the CRTC on November 13, 2008,[4] but was subsequently withdrawn in January 2009.[5] Newcap Inc. CEO Rob Steele indicated that in light of the credit market crisis, the company did not feel that it was the right time to increase its debt load.[6]
In May 2011, Newcap announced that it was selling its two stations in Winnipeg, CKJS and CHNK-FM, to Evanov Communications, pending CRTC approval.[7]
Assets
The following list comes from the CRTC's media ownership charts as of July 31, 2008.[8]
Television
Radio
Newfoundland and Labrador
- Baie Verte - CKIM
- Carbonear - CHVO-FM
- Channel-Port aux Basques - CFGN
- Churchill Falls - CFLC-FM
- Clarenville - CKVO, VOCM-FM-1
- Corner Brook - CFCB, CKXX-FM
- Deer Lake - CFDL-FM
- Gander - CKGA, CKXD-FM
- Goose Bay - CFLN-FM
- Grand Falls-Windsor - CKCM, CKXG-FM
- Marystown - CHCM
- Port au Choix - CFNW
- St. Andrew's - CFCV-FM
- St. Anthony - CFNN-FM
- St. John's - VOCM, VOCM-FM, CJYQ, CKIX-FM
- Stephenville - CFSX, CKXX-FM-1
- Wabush - CFLW-FM
Nova Scotia
Prince Edward Island
New Brunswick
On October 28, 2011, Newcap applied to operate a new country music FM station in Miramichi, New Brunswick. If approved the new station will operate at 95.9 MHz. [9] Newcap also applied for a new radio station in Fredericton which will broadcast a contemporary hit radio music format. If approved, the new station will operate at 93.1 MHz. [10]
Ontario
Manitoba
- Winnipeg - CHNK-FM, CKJS (sale of both stations to Evanov Communications pending)
Alberta
- Athabasca - CKBA-FM
- Blairmore - CJPR-FM
- Bonnyville - CJEG-FM
- Brooks - CIBQ-FM, CIXF-FM
- Calgary - CFXL-FM, CKMP-FM
- Camrose - CFCW, CFCW-FM
- Cold Lake - CJXK-FM
- Drumheller - CKDQ
- Edmonton - CIRK-FM, CKRA-FM
- Edson - CFXE-FM
- Fort McMurray - CHFT-FM
- High Prairie - CKVH-FM
- Hinton - CFXH-FM
- Lac la Biche - CILB-FM
- Lloydminster - CKSA-FM, CILR-FM
- Red Deer - CKGY-FM, CIZZ-FM
- St. Paul - CHLW
- Slave Lake - CHSL-FM
- Stettler - CKSQ
- Wainwright - CKKY, CKWY-FM
- Westlock - CKWB-FM
- Wetaskiwin - CKJR
- Whitecourt - CFXW-FM
3937844 Canada Inc.
The numbered company 3937844 Canada Inc., a partnership between Newcap and Standard Broadcasting, was the licensee for most of the Alberta stations listed above from 2002, when Standard acquired the stations from Telemedia, until 2007, when Newcap bought out Standard's share of the stations.
References
- ^ "Company Profile for Newfoundland Capital Corp Ltd (CA;NCC.A)". http://zenobank.com/index.php?symbol=CA;NCC.A&page=quotesearch. Retrieved 2008-10-15.
- ^ "Local country station will be converted to FM", Northern Life, July 24, 2008.
- ^ Newcap signs agreement to acquire 12 radio licences in Ontario, The Nova Scotia Business Journal, July 28, 2008.
- ^ Broadcasting Notice of Public Hearing CRTC 2008-14
- ^ Broadcasting Notice of Public Hearing CRTC 2008-14-7
- ^ "Credit markets squelch $19M Newfoundland Capital radio purchase in Ontario", Canadian Press, January 19, 2009.
- ^ Newfoundland Capital press release, via Canadian Newswire: "NEWCAP to Sell Winnipeg Radio Stations", May 19, 2010.
- ^ CRTC chart of Newcap Inc.'s assets
- ^ Broadcasting Notice of Consultation CRTC 2011-675
- ^ Broadcasting Notice of Consultation CRTC 2011-675
- ^ Broadcasting Decision CRTC 2008-326
External links
Newfoundland Capital Corporation Limited (Newcap Radio) Corporate Directors AM stations FM stations CFCV · CFCW · CFDL · CFLC · CFLN · CFLW · CFNN · CFRK · CFRQ · CFXE · CFXH · CFXL · CFXW · CHFT · CHNK · CHNO · CHRK · CHSL · CHTN · CHVO · CIBQ · CIGM · CIHT · CIJK · CILB · CILR · CILV · CIRK · CIXF · CIZZ · CJEG · CJMO · CJPR · CJXK · CJXL · CKBA · CKCH · CKGY · CKIX · CKMP · CKQK · CKRA · CKSA · CKUL · CKVH · CKWB · CKWY · CKXD · CKXG · CKXX · VOCM-FMTelevision stations CITL · CKSACategories:- Companies listed on the Toronto Stock Exchange
- Companies based in the Halifax Regional Municipality
- Companies based in St. John's, Newfoundland and Labrador
- Newcap Radio
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