Central Alberta radio stations still for sale

Several Central Alberta radio stations remain on the sales block.

Several Central Alberta radio stations remain on the sales block.

In January, Newfoundland Capital Corp. announced that its subsidiary Newcap Inc. was “exploring the possible sale of its western broadcasting assets, which are located primarily in Alberta.”

The 32 radio stations, six repeater licences and two television stations included Red Deer radio stations Z98.9-FM and KG Country 95.5, as well as Q93.3 Country of Stettler.

The company stressed at the time that it had no agreement to sell those assets, and that there was no certainty that one would be reached.

No subsequent announcement about a potential sale has been made, but a spokesperson with Newfoundland Capital Corp. has confirmed to the Advocate that “the process is still ongoing.”

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