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{{Short description|Canadian radio broadcasting company}}
{{Infobox company
| name = Stingray Radio Inc.
| logo = Stingray Digital.svg
| fate =
| type = [[Subsidiary]]
| trade_name = Newcap Radio (1986–2018)
| foundation = 1980
| former_names = Steele Communications (1980-1986)<br>Newfoundland Capital Corporation Ltd. (1986–2018)
| founder = [[Harold R. Steele]]
| location = [[Halifax, Nova Scotia]]
| key_people = [[Harold R. Steele]] (chairman)<br/>Robert G. Steele ([[president (corporate title)|president]] and [[chief executive officer|CEO]])
| area_served =
| industry = [[Mass media|Media]]
| services = [[Radio broadcasting]], [[television broadcasting]]
| revenue =
| operating_income =
| net_income =
| num_employees = 1200
| subsid =
| owner = [[Stingray Group]]
| company_slogan =
| homepage = {{url|www.stingray.com/radio}}
| dissolved =
| footnotes =
}}
'''Stingray Radio Inc.''', formerly known as '''Newfoundland Capital Corporation Ltd.''' (operating as '''Newcap Radio'''), is a [[Canada|Canadian]] [[radio]] broadcasting conglomerate owned by [[Stingray Group]]. It owns and operates 101 radio stations in Canada (makingCanada—making it the second-largest radio conglomerate in Canada behind [[Bell Media]]),. particularlyIt also owns two television stations in [[NewfoundlandLloydminster]]. andThe Labradormajority of its stations are situated in [[Atlantic Canada|Atlantic]], and [[AlbertaWestern Canada]], aswith wellits aslargest twopresences television stationsbeing in the provinces of [[LloydminsterAlberta]] and [[Newfoundland and Labrador|Newfoundland]].
 
The company was founded in 1986 by [[Harold R. Steele]] as '''Newfoundland Capital Corporation Ltd.''' based in [[Halifax, Nova Scotia]], later [[Trade name|operating under]] the names '''Newcap Broadcasting''' and '''Newcap Radio'''. In October 2018, Newcap was acquired by Stingray. As a result of the acquisition, the Steele family became Stingray Group's largest third-party shareholder.
 
==History==
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In January 2013, the company announced it was exploring a possible sale of its remaining broadcasting assets in [[Western Canada]], consisting of 32 radio stations and two television stations, and six rebroadcasters associated with those stations. These stations are predominantly in [[Alberta]] (including several stations in the [[Lloydminster]] region on the Alberta/[[Saskatchewan]] border), except for two stations in [[British Columbia]]. The company announced in May 2013 it was no longer planning to sell its assets in Western Canada.<ref>{{cite web|url=http://www.newswire.ca/en/story/1158451/newfoundland-capital-corporation-limited-no-longer-exploring-the-sale-of-alberta-broadcasting-division|title=Newfoundland Capital Corporation Limited no longer exploring the sale of Alberta Broadcasting Division|date=3 May 2013|access-date=26 August 2013}}</ref> If such a sale had occurred, Newcap suggested that the proceeds might be used to either fund acquisitions "closer to [Newcap's] base in Atlantic Canada", pay down debt, or return capital to shareholders.<ref>{{cite web|url=http://www.newswire.ca/en/story/1102709/newfoundland-capital-corporation-limited-exploring-the-sale-of-alberta-broadcasting-division|title=Newfoundland Capital Corporation Limited Exploring the Sale of Alberta Broadcasting Division|author=Newfoundland Capital Corporation Ltd. (press release)|date=2013-01-22|access-date=2013-01-22}}</ref>
 
On August 26, 2013, Newcap Radio announced it would acquire fivefour former [[Astral Media]] radio stations in [[Toronto]] and [[Vancouver]], including [[CHBM-FM]], [[CFXJ-FM]], [[CKZZ-FM]], [[CHHR-FM]] and [[CISL (AM)|CISL]], along with [[Bell Media]]'s [[CFXJ-FM]], for $112 million. The deal was made in the wake of [[Bell Media]]'s acquisition of the companyAstral.<ref>{{cite web|url=http://www.newswire.ca/en/story/1215153/newcap-signs-agreement-with-bell-media-to-acquire-five-radio-stations-in-toronto-and-vancouver|title=Newcap signs agreement with Bell Media to acquire five radio stations in Toronto and Vancouver|publisher=CNW|access-date=26 August 2013}}</ref> The deal was approved by the [[Canadian Radio-television and Telecommunications Commission|CRTC]] on March 19, 2014 and the sale closed on March 31, 2014.<ref>[http://crtc.gc.ca/eng/archive/2014/2014-129.htm Broadcasting Decision CRTC 2014-129]</ref><ref>{{cite web|url=http://www.newswire.ca/en/story/1325013/newcap-radio-receives-crtc-approval-to-purchase-stations-in-toronto-and-vancouver|title=Newcap Radio receives CRTC approval to purchase stations in Toronto and Vancouver|work=Canada Newswire|date=March 19, 2014|access-date=March 20, 2014|archive-date=March 20, 2014|archive-url=https://web.archive.org/web/20140320112553/http://www.newswire.ca/en/story/1325013/newcap-radio-receives-crtc-approval-to-purchase-stations-in-toronto-and-vancouver|url-status=dead}}</ref>
 
On April 25, 2017, [[Rogers Sports & Media|Rogers Media]] announced its intent to acquire [[CISL (AM)|CISL]] from Newcap, withwho plans to turnrelaunched it intoas a [[Sportsnet Radio]] sports talk station andwith flagshiprights ofto the [[NHL]]'s [[Vancouver Canucks]].<ref name="theprovince-cislsn">{{cite web|title=Sportsnet launching all-sports radio station in Vancouver|url=https://theprovince.com/sports/sportsnet-launching-all-sports-radio-station-in-vancouver|website=The Province|publisher=Postmedia|access-date=25 April 2017}}</ref>
 
On May 11, 2017, Newcap Radio announced its purchase of NL Broadcasting in [[Kamloops]] and its three stations, [[CHNL]], [[CKRV-FM]], and [[CJKC-FM]].<ref>{{Cite news|url=http://www.kamloopsthisweek.com/news/kamloops-nl-broadcasting-sold-to-nova-scotia-broadcast-corporation-1.23222678|title=Kamloops' NL Broadcasting sold to Nova Scotia broadcast corporation|last=Fortems|first=Cam|work=Kamloops This Week|access-date=2018-05-07}}</ref>
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On May 2, 2018, cable radio broadcaster Stingray Digital announced its intent to acquire Newcap Radio for $506 million.<ref name="gandm-stingraynewcap">{{Cite news|url=https://www.theglobeandmail.com/business/article-stingray-digital-pushes-into-radio-with-purchase-of-newfoundland/|title=Stingray Digital pushes into radio with $506-million purchase of Newfoundland Capital|work=[[The Globe and Mail]]|access-date=2018-05-06}}</ref> On October 23, 2018, the CRTC approved Stingray's application to acquire Newcap.<ref>[https://crtc.gc.ca/eng/archive/2018/2018-404.htm Broadcasting Decision CRTC 2018-404], Various radio and television broadcasting undertakings – Change in ownership and effective control, ''CRTC'', October 23, 2018</ref> The sale was completed just days later on October 26, 2018, with the Steele family holding the largest stake in the company besides its founders.<ref>{{Cite web|url=http://vocm.com/news/crtc-approves-506-million-sale-of-newcap-radio-to-stingray/|title=CRTC Approves $506-Million Sale of Newcap Radio to Stingray|website=VOCM|language=en-US|access-date=2018-10-31|archive-url=https://web.archive.org/web/20190708103926/http://vocm.com/news/crtc-approves-506-million-sale-of-newcap-radio-to-stingray/|archive-date=2019-07-08|url-status=dead}}</ref>
 
In January 2021, Stingray networked its rock stations in Atlantic Canada out of [[CFRQ-FM]]/Halifax, with all of them adopting similar ''Q'' branding and airing CFRQ's morning show, in addition to the existing networked evening show ''Rock of the Atlantic''.<ref>{{Cite web|last=Thiessen|first=Connie|date=2021-01-15|title=Stingray Radio launches 'Q Network' across the Maritimes|url=https://broadcastdialogue.com/stingray-radio-launches-q-network-across-the-maritimes/|access-date=2021-09-25|website=Broadcast Dialogue|language=en-US}}</ref> In late-March 2021, the company underwent a restructuring of some of its staff and local program directors, which resulted in layoffs.<ref>{{Cite web|last=Thiessen|first=Connie|date=2021-03-30|title=Stingray Radio restructures on-air talent, management in Alberta & BC|url=https://broadcastdialogue.com/stingray-radio-restructures-on-air-talent-management-in-alberta-bc/|access-date=2021-04-05|website=Broadcast Dialogue|language=en-US}}</ref><ref>{{Cite web|last=Thiessen|first=Connie|date=2021-03-26|title=Stingray makes layoffs on East Coast|url=https://broadcastdialogue.com/stingray-makes-layoffs-on-east-coast/|access-date=2021-04-05|website=Broadcast Dialogue|language=en-US}}</ref> On April 5, 2021, Stingray launched networked programming for its ''The Breeze''-branded [[soft adult contemporary]] stations and its classic rock stations in western Canada. ''The Breeze'' introduced ''The Morning Breeze with Brad & Deb,'' which is networked out of [[CKUL-FM]]/Halifax and incorporates local inserts. Stingray also introduced the networked evening program ''Rock of the West'' (modelled after ''Rock of the Atlantic'', a similar show aired by Stingray's rock stations in Atlantic Canada), which is hosted by Travis Currah of [[CIZZ-FM]]/Red Deer. <ref>{{Cite web|last=Thiessen|first=Connie|date=2021-04-01|title=Stingray announces syndicated The Breeze morning show following restructuring|url=https://broadcastdialogue.com/stingray-announces-syndicated-the-breeze-morning-show-following-restructuring/|access-date=2021-04-05|website=Broadcast Dialogue|language=en-US}}</ref>
 
In June 2023, Stingray Radio's stations joined Bell Media's [[iHeartRadio]] Canada service; it will still participate in [[Radioplayer|Radioplayer Canada]].<ref>{{Cite web |last=Thiessen |first=Connie |date=2023-06-05 |title=Stingray Radio signs on to iHeartRadio Canada app |url=https://broadcastdialogue.com/stingray-radio-signs-on-to-iheartradio-canada-app/ |access-date=2023-06-16 |website=Broadcast Dialogue |language=en-US}}</ref>
 
==Assets==
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*[[Halifax, Nova Scotia|Halifax]] - [[CFRQ-FM]], [[CKUL-FM]]
*[[Kentville]] - [[CIJK-FM]]
*[[New Glasgow, Nova Scotia|New Glasgow]] - [[CKEZ-FM]], [[CKEC-FM]].
*[[Sydney, Nova Scotia|Sydney]] - [[CHRK-FM]], [[CKCH-FM]]
 
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*[[Greater Sudbury|Sudbury]] - [[CHNO-FM]], [[CIGM-FM]]<ref>[http://www.crtc.gc.ca/archive/ENG/Decisions/2008/db2008-326.htm Broadcasting Decision CRTC 2008-326] {{webarchive|url=https://web.archive.org/web/20081220044906/http://www.crtc.gc.ca/archive/ENG/Decisions/2008/db2008-326.htm |date=2008-12-20 }}</ref>
*[[Toronto]] - [[CFXJ-FM]], [[CHBM-FM]]
*[[Welland]] - [[CIXL-FM]], [[CKYY-FM]]
 
====Alberta====
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*[[Camrose, Alberta|Camrose]] - [[CFCW (AM)|CFCW]], [[CFCW-FM]]
*[[Cold Lake, Alberta|Cold Lake]] - [[CJXK-FM]]
*[[Drumheller]] - [[CKDQ]], [[CHOO-FM]]
*[[Edmonton]] - [[CIRK-FM]], [[CKRA-FM]], [[CFCW (AM)|CFCW]], [[CKJR]]
*[[Edson, Alberta|Edson]] - [[CFXE-FM]]
*[[High Prairie]] - [[CKVH-FM]]
*[[Hinton, Alberta|Hinton]] - [[CFHI-FM]], [[CFXE-FM|CFXH-FM]]
*[[Lac La Biche, Alberta|Lac La Biche]] - [[CILB-FM]]
*[[Lloydminster]] - [[CKSA-FM]], CILR-FM ''(unlicensed travellers' information station)''<ref>[http://www.crtc.gc.ca/eng/archive/2014/2014-108.htm Broadcasting Decision CRTC 2014-108], CILR-FM Lloydminster - Revocation of licence, ''CRTC'', March 10, 2014</ref>
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[[Category:Companies formerly listed on the Toronto Stock Exchange]]
[[Category:Stingray Group]]
[[Category:Radio broadcasting companies of Canada]]
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