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{{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]], [[hospitality]]
| 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 (making it the second-largest radio conglomerate in Canada behind [[Bell Media]]), particularly in Newfoundland and Labrador, and Alberta, as well as two television stations in [[Lloydminster]].
 
The company was founded in 1986 by [[Harold R. Steele]] as '''Newfoundland Capital Corporation Ltd.''' based in [[Halifax, Nova Scotia]]. 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 July 2008, Newcap announced a deal to trade [[CFLT-FM|CFDR]] in [[Halifax, Nova Scotia|Halifax]] to [[Rogers Media]] in exchange for [[CIGM-FM|CIGM]] in [[Greater Sudbury|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.<ref>[http://www.northernlife.ca/News/LocalNews/2008/07-24-08-radio.aspx?NLStory=07-24-08-radio "Local country station will be converted to FM"], ''[[Northern Life (newspaper)|Northern Life]]'', July 24, 2008.</ref>
 
On July 28, 2008, Newcap Inc. announced that it had a tentative deal to acquire 12 stations in [[Ontario]] from [[Haliburton Broadcasting Group]], subject to CRTC approval, for $18.95 million.<ref>[http://novascotiabusinessjournal.com/index.cfm?sid=156981&sc=107 Newcap signs agreement to acquire 12 radio licences in Ontario]{{Dead link|date=November 2018 |bot=InternetArchiveBot |fix-attempted=yes }}, ''The Nova Scotia Business Journal'', July 28, 2008.</ref> The company's application to acquire the Haliburton stations was formally published by the CRTC on November 13, 2008,<ref>[http://www.crtc.gc.ca/archive/ENG/Hearings/2008/n2008-14.htm#24 Broadcasting Notice of Public Hearing CRTC 2008-14]{{Dead link|date=April 2019 |bot=InternetArchiveBot |fix-attempted=yes }}</ref> but was subsequently withdrawn in January 2009.<ref>[http://www.crtc.gc.ca/eng/archive/2008/n2008-14-7.htm Broadcasting Notice of Public Hearing CRTC 2008-14-7]</ref> 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.<ref>"Credit markets squelch $19M Newfoundland Capital radio purchase in Ontario", [[Canadian Press]], January 19, 2009.</ref>
 
In May 2011, Newcap announced that it was selling its two stations in [[Winnipeg]], [[CKJS]] and [[CHNK-FM]], to [[Evanov Communications]];<ref>[http://www.newswire.ca/en/releases/archive/May2011/19/c6076.html Newfoundland Capital press release, via Canadian Newswire: "NEWCAP to Sell Winnipeg Radio Stations", May 19, 2010.] {{webarchive|url=https://web.archive.org/web/20110528091745/http://www.newswire.ca/en/releases/archive/May2011/19/c6076.html |date=May 28, 2011 }}</ref> the sale was approved on October 24, 2011.<ref>[http://www.crtc.gc.ca/eng/archive/2011/2011-661.htm Broadcasting Decision CRTC 2011-661]</ref>
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