Ottawa’s Live 88.5, New Hot 89.9 part of $506M takeover by Stingray Digital

A Montreal-based digital radio group has purchased all of Newfoundland Capital Corp. Ltd.’s 101 radio stations across Canada in a deal valued at around $506 million. The deal, which includes Ottawa FM radio stations ‘Live 88.5’ and ‘The New Hot 89.9,’ will also see 800 employees transferred from….


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