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Stingray Radio

January 01, 1970

Stingray Radio is a 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. It also owns two television stations in Lloydminster. The majority of its stations are situated in Atlantic and Western Canada, with its largest presences being in the provinces of Alberta and Newfoundland.

Stingray Radio Inc.
Newcap Radio (1986–2018)
FormerlySteele Communications (1980-1986)
Newfoundland Capital Corporation Ltd. (1986–2018)
Company typeSubsidiary
IndustryMedia
Founded1980
FounderHarold R. Steele
HeadquartersHalifax, Nova Scotia
Key people
Harold R. Steele (chairman)
Robert G. Steele (president and CEO)
ServicesRadio broadcasting, television broadcasting
OwnerStingray Group
Number of employees
1200
Websitewww.stingray.com/radio

The company was founded in 1986 by Harold R. Steele as Newfoundland Capital Corporation Ltd. based in Halifax, Nova Scotia, later 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 edit

 
Logo of NewCap Radio

The company dates back to 1980. The group's Newfoundland and Labrador division, known as Steele Communications, included all but two of the full-power commercial stations in that province. In the past, Newfoundland Capital acted as a conglomerate with interests in diverse industries such as newspapers and freight transportation. The firm owns one asset unrelated to the broadcasting industry: a hotel in Corner Brook, the Glynmill Inn, which is operated as part of the Steele Hotels group which includes other properties held directly by the Steele family. The Steele family also has private holdings in other industries which are entirely outside of the Newcap corporate umbrella.

In 1986, NCCL received CRTC approval to acquire its first radio station, CHTN in Charlottetown, Prince Edward Island, from Northumberland Broadcasting Ltd. By 2008, Newcap would own over 70 radio stations, and flipped many radio stations from the AM band to the FM band.

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.[1]

On July 28, 2008, Newcap 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.[2] The company's application to acquire the Haliburton stations was formally published by the CRTC on November 13, 2008,[3] but was subsequently withdrawn in January 2009.[4] Newcap 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.[5]

In May 2011, Newcap announced that it was selling its two stations in Winnipeg, CKJS and CHNK-FM, to Evanov Communications;[6] the sale was approved on October 24, 2011.[7]

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.[8] 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.[9]

On August 26, 2013, Newcap Radio announced it would acquire four former Astral Media radio stations in Toronto and Vancouver, including CHBM-FM, CKZZ-FM, CHHR-FM and CISL, along with Bell Media's CFXJ-FM, for $112 million. The deal was made in the wake of Bell Media's acquisition of Astral.[10] The deal was approved by the CRTC on March 19, 2014 and the sale closed on March 31, 2014.[11][12]

On April 25, 2017, Rogers Media announced its intent to acquire CISL from Newcap, who relaunched it as a Sportsnet Radio sports talk station with rights to the NHL's Vancouver Canucks.[13]

On May 11, 2017, Newcap Radio announced its purchase of NL Broadcasting in Kamloops and its three stations, CHNL, CKRV-FM, and CJKC-FM.[14]

On May 2, 2018, cable radio broadcaster Stingray Digital announced its intent to acquire Newcap Radio for $506 million.[15] On October 23, 2018, the CRTC approved Stingray's application to acquire Newcap.[16] 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.[17]

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.[18] In late-March 2021, the company underwent a restructuring of some of its staff and local program directors, which resulted in layoffs.[19][20] 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), which is hosted by Travis Currah of CIZZ-FM/Red Deer.[21]

In June 2023, Stingray Radio's stations joined Bell Media's iHeartRadio Canada service; it will still participate in Radioplayer Canada.[22]

Assets edit

The following list is based on the Canadian Radio-television and Telecommunications Commission's media ownership charts as of January 26, 2013.[23]

Television edit

Radio edit

Newfoundland and Labrador edit

Nova Scotia edit

Prince Edward Island edit

New Brunswick edit

Ontario edit

Alberta edit

British Columbia edit

3937844 Canada Inc. edit

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 edit

  1. ^ "Local country station will be converted to FM", Northern Life, July 24, 2008.
  2. ^ Newcap signs agreement to acquire 12 radio licences in Ontario[permanent dead link], The Nova Scotia Business Journal, July 28, 2008.
  3. ^ Broadcasting Notice of Public Hearing CRTC 2008-14[permanent dead link]
  4. ^ Broadcasting Notice of Public Hearing CRTC 2008-14-7
  5. ^ "Credit markets squelch $19M Newfoundland Capital radio purchase in Ontario", Canadian Press, January 19, 2009.
  6. ^ Newfoundland Capital press release, via Canadian Newswire: "NEWCAP to Sell Winnipeg Radio Stations", May 19, 2010. May 28, 2011, at the Wayback Machine
  7. ^ Broadcasting Decision CRTC 2011-661
  8. ^ "Newfoundland Capital Corporation Limited no longer exploring the sale of Alberta Broadcasting Division". 3 May 2013. Retrieved 26 August 2013.
  9. ^ Newfoundland Capital Corporation Ltd. (press release) (2013-01-22). "Newfoundland Capital Corporation Limited Exploring the Sale of Alberta Broadcasting Division". Retrieved 2013-01-22.
  10. ^ "Newcap signs agreement with Bell Media to acquire five radio stations in Toronto and Vancouver". CNW. Retrieved 26 August 2013.
  11. ^ Broadcasting Decision CRTC 2014-129
  12. ^ . Canada Newswire. March 19, 2014. Archived from the original on March 20, 2014. Retrieved March 20, 2014.
  13. ^ "Sportsnet launching all-sports radio station in Vancouver". The Province. Postmedia. Retrieved 25 April 2017.
  14. ^ Fortems, Cam. "Kamloops' NL Broadcasting sold to Nova Scotia broadcast corporation". Kamloops This Week. Retrieved 2018-05-07.
  15. ^ "Stingray Digital pushes into radio with $506-million purchase of Newfoundland Capital". The Globe and Mail. Retrieved 2018-05-06.
  16. ^ Broadcasting Decision CRTC 2018-404, Various radio and television broadcasting undertakings – Change in ownership and effective control, CRTC, October 23, 2018
  17. ^ . VOCM. Archived from the original on 2019-07-08. Retrieved 2018-10-31.
  18. ^ Thiessen, Connie (2021-01-15). "Stingray Radio launches 'Q Network' across the Maritimes". Broadcast Dialogue. Retrieved 2021-09-25.
  19. ^ Thiessen, Connie (2021-03-30). "Stingray Radio restructures on-air talent, management in Alberta & BC". Broadcast Dialogue. Retrieved 2021-04-05.
  20. ^ Thiessen, Connie (2021-03-26). "Stingray makes layoffs on East Coast". Broadcast Dialogue. Retrieved 2021-04-05.
  21. ^ Thiessen, Connie (2021-04-01). "Stingray announces syndicated The Breeze morning show following restructuring". Broadcast Dialogue. Retrieved 2021-04-05.
  22. ^ Thiessen, Connie (2023-06-05). "Stingray Radio signs on to iHeartRadio Canada app". Broadcast Dialogue. Retrieved 2023-06-16.
  23. ^ (PDF). Archived from the original (PDF) on 2012-10-06. Retrieved 2013-01-27.
  24. ^ Broadcasting Decision CRTC 2008-326 2008-12-20 at the Wayback Machine
  25. ^ Broadcasting Decision CRTC 2014-108, CILR-FM Lloydminster - Revocation of licence, CRTC, March 10, 2014

External links edit

January 01, 1970
stingray, radio, canadian, radio, broadcasting, conglomerate, owned, stingray, group, owns, operates, radio, stations, canada, making, second, largest, radio, conglomerate, canada, behind, bell, media, also, owns, television, stations, lloydminster, majority, . Stingray Radio is a 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 It also owns two television stations in Lloydminster The majority of its stations are situated in Atlantic and Western Canada with its largest presences being in the provinces of Alberta and Newfoundland Stingray Radio Inc Trade nameNewcap Radio 1986 2018 FormerlySteele Communications 1980 1986 Newfoundland Capital Corporation Ltd 1986 2018 Company typeSubsidiaryIndustryMediaFounded1980FounderHarold R SteeleHeadquartersHalifax Nova ScotiaKey peopleHarold R Steele chairman Robert G Steele president and CEO ServicesRadio broadcasting television broadcastingOwnerStingray GroupNumber of employees1200Websitewww wbr stingray wbr com wbr radio The company was founded in 1986 by Harold R Steele as Newfoundland Capital Corporation Ltd based in Halifax Nova Scotia later 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 Contents 1 History 2 Assets 2 1 Television 2 2 Radio 2 2 1 Newfoundland and Labrador 2 2 2 Nova Scotia 2 2 3 Prince Edward Island 2 2 4 New Brunswick 2 2 5 Ontario 2 2 6 Alberta 2 2 7 British Columbia 2 3 3937844 Canada Inc 3 References 4 External linksHistory edit nbsp Logo of NewCap Radio The company dates back to 1980 The group s Newfoundland and Labrador division known as Steele Communications included all but two of the full power commercial stations in that province In the past Newfoundland Capital acted as a conglomerate with interests in diverse industries such as newspapers and freight transportation The firm owns one asset unrelated to the broadcasting industry a hotel in Corner Brook the Glynmill Inn which is operated as part of the Steele Hotels group which includes other properties held directly by the Steele family The Steele family also has private holdings in other industries which are entirely outside of the Newcap corporate umbrella In 1986 NCCL received CRTC approval to acquire its first radio station CHTN in Charlottetown Prince Edward Island from Northumberland Broadcasting Ltd By 2008 Newcap would own over 70 radio stations and flipped many radio stations from the AM band to the FM band 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 1 On July 28 2008 Newcap 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 2 The company s application to acquire the Haliburton stations was formally published by the CRTC on November 13 2008 3 but was subsequently withdrawn in January 2009 4 Newcap 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 5 In May 2011 Newcap announced that it was selling its two stations in Winnipeg CKJS and CHNK FM to Evanov Communications 6 the sale was approved on October 24 2011 7 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 8 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 9 On August 26 2013 Newcap Radio announced it would acquire four former Astral Media radio stations in Toronto and Vancouver including CHBM FM CKZZ FM CHHR FM and CISL along with Bell Media s CFXJ FM for 112 million The deal was made in the wake of Bell Media s acquisition of Astral 10 The deal was approved by the CRTC on March 19 2014 and the sale closed on March 31 2014 11 12 On April 25 2017 Rogers Media announced its intent to acquire CISL from Newcap who relaunched it as a Sportsnet Radio sports talk station with rights to the NHL s Vancouver Canucks 13 On May 11 2017 Newcap Radio announced its purchase of NL Broadcasting in Kamloops and its three stations CHNL CKRV FM and CJKC FM 14 On May 2 2018 cable radio broadcaster Stingray Digital announced its intent to acquire Newcap Radio for 506 million 15 On October 23 2018 the CRTC approved Stingray s application to acquire Newcap 16 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 17 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 18 In late March 2021 the company underwent a restructuring of some of its staff and local program directors which resulted in layoffs 19 20 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 amp 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 which is hosted by Travis Currah of CIZZ FM Red Deer 21 In June 2023 Stingray Radio s stations joined Bell Media s iHeartRadio Canada service it will still participate in Radioplayer Canada 22 Assets editThe following list is based on the Canadian Radio television and Telecommunications Commission s media ownership charts as of January 26 2013 23 Television edit Lloydminster CKSA DT CITL DT Radio edit Newfoundland and Labrador edit Baie Verte CKIM Carbonear CHVO FM Channel Port aux Basques CFGN FM Churchill Falls CFLC FM Clarenville CKVO VOCM FM 1 CKLN FM Corner Brook CFCB CKXX FM Deer Lake CFDL FM Gander CKGA CKXD FM Grand Falls Windsor CKCM CKXG FM Happy Valley Goose Bay CFLN FM Marystown CHCM FM 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 edit Halifax CFRQ FM CKUL FM Kentville CIJK FM New Glasgow CKEZ FM CKEC FM Sydney CHRK FM CKCH FM Prince Edward Island edit Charlottetown CHTN FM CKQK FM New Brunswick edit Fredericton CFRK FM CIHI FM Miramichi CHHI FM Moncton CJMO FM CJXL FM Saint John CHNI FM Ontario edit Ottawa CIHT FM CILV FM Sudbury CHNO FM CIGM FM 24 Toronto CFXJ FM CHBM FM Alberta edit 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 CHOO FM Edmonton CIRK FM CKRA FM CFCW CKJR Edson CFXE FM High Prairie CKVH FM Hinton CFHI FM CFXH FM Lac La Biche CILB FM Lloydminster CKSA FM CILR FM unlicensed travellers information station 25 Red Deer CKGY FM CIZZ FM St Paul CHSP FM Slave Lake CHSL FM Stettler CKSQ FM Wainwright CKKY FM CKWY FM Westlock CKWB FM Wetaskiwin CKJR Whitecourt CFXW FM British Columbia edit Kamloops CHNL CKRV FM CJKC FM Kelowna CKKO FM Penticton CIGV FM Vancouver CHLG FM CKZZ FM 3937844 Canada Inc edit 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 edit Local country station will be converted to FM Northern Life July 24 2008 Newcap signs agreement to acquire 12 radio licences in Ontario permanent dead link The Nova Scotia Business Journal July 28 2008 Broadcasting Notice of Public Hearing CRTC 2008 14 permanent dead link 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 Archived May 28 2011 at the Wayback Machine Broadcasting Decision CRTC 2011 661 Newfoundland Capital Corporation Limited no longer exploring the sale of Alberta Broadcasting Division 3 May 2013 Retrieved 26 August 2013 Newfoundland Capital Corporation Ltd press release 2013 01 22 Newfoundland Capital Corporation Limited Exploring the Sale of Alberta Broadcasting Division Retrieved 2013 01 22 Newcap signs agreement with Bell Media to acquire five radio stations in Toronto and Vancouver CNW Retrieved 26 August 2013 Broadcasting Decision CRTC 2014 129 Newcap Radio receives CRTC approval to purchase stations in Toronto and Vancouver Canada Newswire March 19 2014 Archived from the original on March 20 2014 Retrieved March 20 2014 Sportsnet launching all sports radio station in Vancouver The Province Postmedia Retrieved 25 April 2017 Fortems Cam Kamloops NL Broadcasting sold to Nova Scotia broadcast corporation Kamloops This Week Retrieved 2018 05 07 Stingray Digital pushes into radio with 506 million purchase of Newfoundland Capital The Globe and Mail Retrieved 2018 05 06 Broadcasting Decision CRTC 2018 404 Various radio and television broadcasting undertakings Change in ownership and effective control CRTC October 23 2018 CRTC Approves 506 Million Sale of Newcap Radio to Stingray VOCM Archived from the original on 2019 07 08 Retrieved 2018 10 31 Thiessen Connie 2021 01 15 Stingray Radio launches Q Network across the Maritimes Broadcast Dialogue Retrieved 2021 09 25 Thiessen Connie 2021 03 30 Stingray Radio restructures on air talent management in Alberta amp BC Broadcast Dialogue Retrieved 2021 04 05 Thiessen Connie 2021 03 26 Stingray makes layoffs on East Coast Broadcast Dialogue Retrieved 2021 04 05 Thiessen Connie 2021 04 01 Stingray announces syndicated The Breeze morning show following restructuring Broadcast Dialogue Retrieved 2021 04 05 Thiessen Connie 2023 06 05 Stingray Radio signs on to iHeartRadio Canada app Broadcast Dialogue Retrieved 2023 06 16 CRTC chart of Newcap Inc s assets PDF Archived from the original PDF on 2012 10 06 Retrieved 2013 01 27 Broadcasting Decision CRTC 2008 326 Archived 2008 12 20 at the Wayback Machine Broadcasting Decision CRTC 2014 108 CILR FM Lloydminster Revocation of licence CRTC March 10 2014External links editStingray Radio History of Newcap Inc Canadian Communications Foundation Retrieved from https en wikipedia org w index php title Stingray Radio amp oldid 1206039930, wikipedia, wiki, book, books, library,

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