Toronto and Vancouver Stations Add Big Profits to Newcap

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Toronto and Vancouver Stations Add Big Profits to Newcap

Postby jon » Thu Apr 30, 2015 6:58 pm

First quarter (ended March 31) results from Newcap show
revenue of $35.5 million, $7.0 million or 25% higher than
last year’s first quarter. The increase was primarily due to
incremental revenue from the Toronto and Vancouver
stations which were acquired March 31 last year. Earnings
before interest, taxes, depreciation and amortization
(EBITDA) of $7.1 million were $2.6 million or 56% higher
than last year. Most of the earnings were derived from the
new Newcap radio stations in Vancouver and Toronto –
consolidated revenue of $162 million and EBITDA of $44.2
million... (Broadcast Dialogue)
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Re: Toronto and Vancouver Stations Add Big Profits to Newcap

Postby motor » Fri May 01, 2015 9:39 am

I am sure that CFCW broadcasting out of the Edmonton area continues to be a cash cow for Newcap.
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