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For Sale: 98.1 CAM FM, 790 CFCW and W-1440 Wetaskiwin

It’s business as usual for local radio stations 98.1 CAM FM, 790 CFCW and W-1440 Wetaskiwin.
Concerns were raised last week after Newcap Inc, a subsidiary of the Newfoundland Capital Corporation Limited, announced it was “exploring the possible sale of its western broadcasting assets which are located primarily in Alberta.”

Those radio stations are currently owned by Newcap Inc.

In a press release the corporation announced that if an agreement was reached “the use of proceeds (would) be determined by the board of directors in the best interests of the company and its shareholders.”

It is still uncertain what that could mean, but the possibility of investing in assets closer to their base of operations in Atlantic Canada has been discussed, as well as reducing debt or returning capital to shareholders.

Airchecker Canada

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