Newcap agrees to sell Vancouver AM station to Rogers Media

DARTMOUTH, NS, April 25, 2017

"We are grateful for the contributions of CISL and its employees during their time as part of the Newcap family," noted Rob Steele, President and Chief Executive Officer.  "While we generally are acquirers, not sellers, we believe that this transaction is in the best interest of our shareholders.  We remain committed to the Vancouver community through our two remaining FM stations, Z95.3 and LG 104.3." 

About Newfoundland Capital Corporation Limited
Newfoundland Capital Corporation Limited (TSX: NCC.A, NCC.B) owns and operates Newcap Radio which is one of Canada's leading radio broadcasters with 95 licences across Canada. The Company reaches millions of listeners each week through a variety of formats and is a recognized industry leader in radio programming, sales and networking.

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SOURCE Newfoundland Capital Corporation Limited