Newfoundland Capital Corporation Limited Exploring the Sale of Alberta Broadcasting Division

Newfoundland Capital Corporation Limited Exploring the Sale of Alberta 
Broadcasting Division 
HALIFAX, Jan. 22, 2013 /CNW/ - Newfoundland Capital Corporation Limited ("the 
Company") announced today that its wholly-owned subsidiary, Newcap Inc., is 
exploring the possible sale of its western broadcasting assets which are 
located primarily in Alberta. The assets consist of 32 radio stations, 6 
repeater licences and 2 TV stations. 
The Company has a history of buying and selling businesses as a means to 
create shareholder value. If the Company is able to reach an agreement at a 
value the Company considers appropriate, the use of proceeds will be 
determined by the Board of Directors in the best interests of the Company and 
its shareholders. This may include reinvesting in geographic areas closer to 
its base in Atlantic Canada, reducing debt or returning capital to its 
"These broadcasting assets have a strong track record of earnings," commented 
Rob Steele, President and Chief Executive Officer. "This is a great 
opportunity for potential buyers as this is the first time in many years that 
a cohesive group of broadcasting assets has been for sale in one concentrated 
area in one of Canada's most prosperous provinces." 
Investors should be cautioned that there is no agreement in place to sell 
these assets and there is no certainty that any transaction will result from 
the current process. 
About Newfoundland Capital Corporation Limited
Newfoundland Capital Corporation Limited (TSX: NCC.A, NCC.B) is one of 
Canada's leading radio broadcasters with 86 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. 
This press release contains forward looking statements. These 
forward-looking statements are based on current expectations. The use of 
terminology such as "expect", "intend", "anticipate", "believe", "may", 
"will", "should", "would", "plan" and other similar terminology relate to, but 
are not limited to, our objectives, goals, plans, strategies, intentions, 
outlook and estimates. By their very nature, these statements involve 
inherent risks and uncertainties, many of which are beyond the Company's 
control, which could cause actual results to differ materially from those 
expressed in such forward-looking statements. As a result, there is no 
guarantee that any forward-looking statements will materialize and readers are 
cautioned not to place undue reliance on these statements. Unless otherwise 
required by applicable securities laws, the Company disclaims any intention or 
obligation to update or revise any forward-looking statements, whether as a 
result of new information, future events or otherwise. In particular, no 
transactions for the sale of assets or otherwise have been agreed and such 
transactions may not occur or be pursued. Further, no decision has been made 
by the Company on the use of proceeds, if any. 
For further information, contact: 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: (902) 468-7557,  Fax: (902) 
To view this news release in HTML formatting, please use the following URL: 
ST: Nova Scotia
-0- Jan/22/2013 18:50 GMT
Press spacebar to pause and continue. Press esc to stop.