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Divestiture • Media

Harvard Broadcasting Acquires Newfoundland Capital - McMurray Radio Station

On July 16, 2013, Harvard Broadcasting acquired media company Newfoundland Capital - McMurray Radio Station from Newfoundland Capital

Acquisition Context
  • This is Harvard Broadcasting’s 1st transaction in the Media sector.
  • This is Harvard Broadcasting’s 1st transaction in Canada.
  • This is Harvard Broadcasting’s 1st transaction in Alberta.

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M&A Deal Summary
Date July 16, 2013
Target Newfoundland Capital - McMurray Radio Station
Sector Media
Buyer(s) Harvard Broadcasting
Sellers(s) Newfoundland Capital
Deal Type Divestiture

Target Company

Newfoundland Capital - McMurray Radio Station

Fort McMurray, Alberta, Canada
Newfoundland Capital - McMurray Radio Station comprises CHFT-FM, reaches millions of listeners each week through a variety of formats.
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Buyer Overview 1

Buyer

Harvard Broadcasting

Regina, Saskatchewan, Canada
Category Company
Founded 1981
Sector Media
DESCRIPTION

Harvard Broadcasting, Inc. is a family-owned corporation based in Regina, Saskatchewan. Currently with 13 stations throughout Western Canada and growing, Harvard Broadcasting is committed to delivering quality programming and proud to promote Canadian Content Development.

Deal Context for Buyer #
Overall 1 of 1
Sector: Media 1 of 1
Type: Divestiture 1 of 1
State: Alberta 1 of 1
Country: Canada 1 of 1
Year: 2013 1 of 1

Seller Profile 1

SELLER

Newfoundland Capital

Dartmouth, Nova Scotia, Canada
Category Company
Founded 1949
Sector Media
Employees1,000
Revenue 170M CAD (2017)
DESCRIPTION

Newfoundland Capital Corporation Ltd. owns and operates Newcap Radio which is one of Canada's leading radio broadcasters with 101 broadcast licences (72 radio stations and 29 repeating signals) 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.

Deal Context for Seller #
Overall 1 of 1
Sector: Media 1 of 1
Type: Divestiture 1 of 1
State: Alberta 1 of 1
Country: Canada 1 of 1
Year: 2013 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-07-04 Rogers Broadcasting - CHNI-FM Radio Stattion

Saint John, New Brunswick, Canada

Rogers Broadcasting - CHNI-FM Radio Stattion comprises operating license for a radio station. The station is located in Saint John, Canada.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-08-26 Bell Media - Five Radio Stations

British Columbia, Canada

Bell Media - Five Radio Stations comprises CHBM-FM (Boom 97.3) and CFXJ-FM (93.5 Flow) in Toronto, Ontario and CKZZ-FM (Virgin Radio 95.3), CHHR-FM (Shore 104.3 FM), and CISL-AM (AM 650) in Vancouver, British Columbia.

Buy $112M

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