Stingray Radio Explained

Stingray Radio Inc.
Type:Subsidiary
Trade Name:Newcap Radio (1986–2018)
Foundation:1980
Former Names:Steele Communications (1980-1986)
Newfoundland Capital Corporation Ltd. (1986–2018)
Founder:Harold R. Steele
Location:Halifax, Nova Scotia
Key People:Harold R. Steele (chairman)
Robert G. Steele (president and CEO)
Industry:Media
Services:Radio broadcasting, television broadcasting
Num Employees:1200
Owner:Stingray Group

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.

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

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 2019, Stingray began a broader strategy of networking programs, such as morning shows, across regional groups of stations. This began with the syndication of CKGY-FM/Red Deer's Vinnie & Randi morning show across various country and adult hits stations in rural Alberta, the midday show The Paul McGuire Show across Stingray country stations,[18] and the CIGV-FM/Penticton morning show (featuring former CMT personality Casey Clarke) across Stingray's country stations in the British Columbia Interior. The morning shows are customized with contributions from a local host.[19] [20] 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.[21]

In late-March 2021, the company underwent a restructuring of some of its staff and local program directors, which resulted in layoffs.[22] [23] On April 5, 2021, Stingray launched The Morning Breeze with Brad & Deb for its The Breeze branded soft adult contemporary stations, 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.[24]

In June 2023, Stingray Radio's stations joined Bell Media's iHeartRadio Canada service; it will still participate in Radioplayer Canada.[25]

Assets

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

Television

Radio

CityCall SignBrandingNetworkFormat
Athabasca, AlbertaCKBA-FMBoom 94.1BoomClassic hits
Blairmore, AlbertaCJPR-FMNew Country SouthwestNew CountryCountry
Bonnyville, AlbertaCJEG-FMHot 101.3HotContemporary hit radio
Brooks, AlbertaCIBQ-FMNew Country 105.7New CountryCountry
CIXF-FMBoom 101.1BoomClassic hits
Calgary, AlbertaCFXL-FMXL 103.1Classic hits
CKMP-FM90.3 AMP RadioContemporary hit radio
Camrose, AlbertaCFCW840 CFCWCountry
CFCW-FMNew Country 98.1New CountryCountry
Carbonear, Newfoundland and LabradorCHVO-FMNew Country NLNew CountryCountry
Channel-Port aux Basques, Newfoundland and LabradorCFGN-FM590 VOCMVOCMFull-service radio
Charlottetown, Prince Edward IslandCHTN-FMOcean 100Classic hits
CKQK-FMHot 105.5HotContemporary hit radio
Clarenville, Newfoundland and LabradorCKVO590 VOCMVOCMFull-service radio
Cold Lake, AlbertaCJXK-FMBoom 95.3BoomClassic hits
Corner Brook, Newfoundland and LabradorCFCB590 VOCMVOCMFull-service radio
CKXX-FM97.5 K-RockK-RockClassic rock
Drumheller, AlbertaCKDQ-FMNew Country 92.5New CountryCountry
CHOO-FMBoom 99.5BoomClassic hits
Edmonton, AlbertaCIRK-FMK-97Classic rock
CKRA-FM96.3 The BreezeThe BreezeSoft adult contemporary
Edson, AlbertaCFXE-FMNew Country WestNew CountryCountry
Fredericton, New BrunswickCFRK-FMNew Country 92.3New CountryCountry
CIHI-FMHot 93.1HotContemporary hit radio
Gander, Newfoundland and LabradorCKGA590 VOCMVOCMFull-service radio
CKXD-FM97.5 K-RockK-RockClassic rock
Grand Falls-Windsor, Newfoundland and LabradorCKCM590 VOCMVOCMFull-service radio
CKXG-FM97.5 K-RockK-RockClassic rock
Halifax, Nova ScotiaCFRQ-FMQ104QClassic rock
CKUL-FM96.5 The BreezeThe BreezeSoft adult contemporary
Happy Valley-Goose Bay, Newfoundland and LabradorCFLN-FMBig Land - Labrador's FMNews/Talk/Country/Classic hits
High Prairie, AlbertaCKVH-FMNew Country 93.5New CountryCountry
Hinton, AlbertaCFHI-FMBoom 104.9BoomClassic hits
Kamloops, British ColumbiaCHNLRadio NLClassic hits/Talk/Sports
CKRV-FMK 97.5Classic rock
CJKC-FMNew Country 103.1New CountryCountry
Kelowna, British ColumbiaCKKO-FMK 96.3Classic rock
Kentville, Nova ScotiaCIJK-FMRewind 89.3RewindClassic hits
Lac La Biche, AlbertaCILB-FMBoom 103.5BoomClassic hits
Lloydminster, AlbertaCKSA-FMNew Country 95.9New CountryCountry
CILR-FMUnlicensed travellers' information station [27]
Marystown, Newfoundland and LabradorCHCM-FM590 VOCMVOCMFull-service radio
Miramichi, New BrunswickCHHI-FMRewind 95.9RewindClassic hits
Moncton, New BrunswickCJMO-FMQ103QClassic rock
CJXL-FMNew Country 96.9New CountryCountry
New Glasgow, Nova ScotiaCKEZ-FMQ97.9QClassic rock
CKEC-FM94.1 The BreezeThe BreezeSoft adult contemporary
Ottawa, OntarioCIHT-FMHot 89.9HotContemporary hit radio
CILV-FMLive 88.5Alternative rock
Penticton, British ColumbiaCIGV-FMNew Country 100.7New CountryCountry
Red Deer, AlbertaCKGY-FMNew Country 95.5New CountryCountry
CIZZ-FMZ 98.9Classic rock
Saint John, New BrunswickCHNI-FMQ88.9QClassic rock
Slave Lake, AlbertaCHSL-FMBoom 92.7BoomClassic hits
St. John's, Newfoundland and LabradorVOCM590 VOCMVOCMFull-service radio
VOCM-FM97.5 K-RockK-RockClassic rock
CJYQNew Country NLNew CountryCountry
CKIX-FMHot 99.1HotContemporary hit radio
St. Paul, AlbertaCHSP-FMNew Country 97.7New CountryCountry
Stephenville, Newfoundland and LabradorCFSX590 VOCMVOCMFull-service radio
Stettler, AlbertaCKSQ-FMNew Country 93.3New CountryCountry
Sudbury, OntarioCHNO-FMRewind 103.9RewindClassic hits
CIGM-FMHot 93.5HotContemporary hit radio
Sydney, Nova ScotiaCHRK-FMHot 101.9HotContemporary hit radio
CKCH-FMNew Country 103.5New CountryCountry
Toronto, OntarioCFXJ-FMNew Country 93.5New CountryCountry
CHBM-FMBoom 97.3BoomClassic hits
Vancouver, British ColumbiaCHLG-FM104.3 The BreezeThe BreezeSoft adult contemporary
CKZZ-FMZ 95.3Hot adult contemporary
Wainwright, AlbertaCKKY-FMBoom 101.9BoomClassic hits
CKWY-FMHot 93.7HotContemporary hit radio
Westlock, AlbertaCKWB-FMNew Country 97.9New CountryCountry
Wetaskiwin, AlbertaCKJRSports 1440Sports talk
Whitecourt, AlbertaCFXW-FMBoom 96.7BoomClassic hits

3937844 Canada Inc.

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.

External links

Notes and References

  1. 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"
  2. http://novascotiabusinessjournal.com/index.cfm?sid=156981&sc=107 Newcap signs agreement to acquire 12 radio licences in Ontario
  3. http://www.crtc.gc.ca/archive/ENG/Hearings/2008/n2008-14.htm#24 Broadcasting Notice of Public Hearing CRTC 2008-14
  4. http://www.crtc.gc.ca/eng/archive/2008/n2008-14-7.htm 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. 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.
  7. http://www.crtc.gc.ca/eng/archive/2011/2011-661.htm Broadcasting Decision CRTC 2011-661
  8. Web site: Newfoundland Capital Corporation Limited no longer exploring the sale of Alberta Broadcasting Division. 3 May 2013. 26 August 2013.
  9. Web site: Newfoundland Capital Corporation Limited Exploring the Sale of Alberta Broadcasting Division. Newfoundland Capital Corporation Ltd. (press release). 2013-01-22. 2013-01-22.
  10. Web site: Newcap signs agreement with Bell Media to acquire five radio stations in Toronto and Vancouver. CNW. 26 August 2013.
  11. http://crtc.gc.ca/eng/archive/2014/2014-129.htm Broadcasting Decision CRTC 2014-129
  12. Web site: Newcap Radio receives CRTC approval to purchase stations in Toronto and Vancouver. Canada Newswire. March 19, 2014. March 20, 2014. March 20, 2014. 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. dead.
  13. Web site: Sportsnet launching all-sports radio station in Vancouver. The Province. Postmedia. 25 April 2017.
  14. News: Kamloops' NL Broadcasting sold to Nova Scotia broadcast corporation. Fortems. Cam. Kamloops This Week. 2018-05-07.
  15. News: Stingray Digital pushes into radio with $506-million purchase of Newfoundland Capital. The Globe and Mail. 2018-05-06.
  16. https://crtc.gc.ca/eng/archive/2018/2018-404.htm Broadcasting Decision CRTC 2018-404
  17. Web site: CRTC Approves $506-Million Sale of Newcap Radio to Stingray. VOCM. en-US. 2018-10-31. https://web.archive.org/web/20190708103926/http://vocm.com/news/crtc-approves-506-million-sale-of-newcap-radio-to-stingray/. 2019-07-08. dead.
  18. Web site: Thiessen . Connie . 2019-10-17 . Stingray set to launch syndicated midday show on New Country stations . 2024-08-30 . Broadcast Dialogue . en-US.
  19. Web site: Thiessen . Connie . 2019-06-20 . Casey Clarke to co-host regional radio morning show for Stingray in B.C. . 2024-08-30 . Broadcast Dialogue . en-US.
  20. Web site: Thiessen . Connie . 2019-01-21 . Stingray syndicates 'The Real Wake Up with Vinnie & Randi' to 15 Alberta stations . 2024-08-30 . Broadcast Dialogue . en-US.
  21. Web site: Thiessen. Connie. 2021-01-15. Stingray Radio launches 'Q Network' across the Maritimes. 2021-09-25. Broadcast Dialogue. en-US.
  22. Web site: Thiessen. Connie. 2021-03-30. Stingray Radio restructures on-air talent, management in Alberta & BC. 2021-04-05. Broadcast Dialogue. en-US.
  23. Web site: Thiessen. Connie. 2021-03-26. Stingray makes layoffs on East Coast. 2021-04-05. Broadcast Dialogue. en-US.
  24. Web site: Thiessen. Connie. 2021-04-01. Stingray announces syndicated The Breeze morning show following restructuring. 2021-04-05. Broadcast Dialogue. en-US.
  25. Web site: Thiessen . Connie . 2023-06-05 . Stingray Radio signs on to iHeartRadio Canada app . 2023-06-16 . Broadcast Dialogue . en-US.
  26. Web site: CRTC chart of Newcap Inc.'s assets . 2013-01-27 . https://web.archive.org/web/20121006001339/http://www.crtc.gc.ca/ownership/eng/cht071.pdf . 2012-10-06 . dead .
  27. http://www.crtc.gc.ca/eng/archive/2014/2014-108.htm Broadcasting Decision CRTC 2014-108

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