Newcap Radio receives CRTC approval to purchase CHNI-FM in Saint John, NB

DARTMOUTH, NS, March 14, 2014 /CNW/ - Newfoundland Capital Corporation ("NCC" or "Company") (TSX: NCC.A NCC.B) announced today that its wholly-owned subsidiary, Newcap Inc., has received approval from the Canadian Radio-television and Telecommunications Commission ("CRTC") to purchase from Rogers Broadcasting Limited the radio broadcasting licence CHNI-FM in Saint John, New Brunswick.

President and Chief Executive Officer Rob Steele comments: "This licence is a great fit for our Company as it expands our presence in New Brunswick and represents our entry into the Saint John market. We are eager to serve and become part of the community."

About Newfoundland Capital Corporation Limited
Newfoundland Capital Corporation Limited (TSX: NCC.A, NCC.B) is one of Canada's leading radio broadcasters with 90 licences across Canada. The Company reaches millions of listeners each week through a variety of formats and is a recognized industry leader in radio programming, sales and networking.

SOURCE: Newfoundland Capital Corporation Limited

Newcap
REF: Robert G. Steele, President and Chief Executive Officer, Scott G.M. Weatherby, Chief Financial Officer and Corporate Secretary, Newfoundland Capital Corporation Limited, 745 Windmill Road, Dartmouth, Nova Scotia B3B 1C2, Tel: [phone], Fax: [phone], e-mail: [email protected], web: www.ncc.ca