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Stingray Music signs agreement to purchase NewCap

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It looks as though Drumheller’s local country music radio station will soon have new ownership.

In May of this year Newfoundland Capital Corporation (NCC), the owner of NewCap Radio signed an agreement with Stingray Digital Group, under which Stingray will acquire all the issued and outstanding shares of the company. This is valued at about $506 million, including the assumption of its net debt of about $112 million.

  NewCap owns  910 CFCW in Drumheller.

“Today marks the start of an exciting chapter for NCC,” said Rob Steele, Chairman, President and Chief Executive Officer of NCC. “By joining forces with Stingray, we are of the view that the synergies will allow our business to move towards even greater success. Together, we have begun to build a solid foundation for Canada’s next great media group. We expect our combined company will stand out in today’s fiercely competitive market for its world-class talent and complementary service offering. On behalf of NCC’s management and Board of Directors, I am thrilled NCC is joining the Stingray family.”

Stingray is an independent Canadian company that offers multiplatform audio services. According to a news release from Stingray, this transaction marks the company’s entry into the broadcast radio market.  Newcap operates 72 local radio stations and 29 repeating stations in seven provinces. It employs about 800.

“It represents a considerable milestone for Stingray — positioning us as Canada’s largest public independent media company — and a valuable opportunity for our stakeholders,” said Eric Boyko, President, Co-founder, and CEO of Stingray. “We have found in NCC an established and trusted partner with a proven track record of delivering results in niche markets across the country. I am excited to expand Stingray’s operations into radio broadcasting and bring on board some of Canada’s most popular on-air talent and an experienced sales force, which will help us grow our revenue streams. I look forward to welcoming the NCC team to the Stingray family and collaborating with the current management in place.”

On June 27, shareholders of NCC approved of the arrangement.

According to a press release, the transaction remains subject to final court approvals as well as approval from the CRTC.

The transaction is expected to occur by the end of this year.


Local Salvation Army celebrates centennial in new facility

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The Salvation Army celebrated its centennial in Drumheller on Saturday afternoon, October 13, and the grand opening of its new facility.
There was music, food and fellowship as members of the church and community came out to mark the occasion. Also present were officers from throughout Alberta and The Salvation Army Band.
The Salvation Army in Drumheller now has all of its operations under one roof at 90 South Railway Avenue. This includes its social services, food bank, thrift store, and church. Captain Ben Lippers says he is most excited by the new building because it allows them to more effectively serve the community.IMG 5692

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Fire Prevention Week: Smoke detector technology advances

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For residents often one of the primary tools to keep families safe is a smoke detector. And while these have been a fixture of homes for years, the technology is continuing to improve making it more convenient and reliable for homeowners.

One recent advance in technology for smoke detectors is better battery protection. In fact, many on the market will continue to operate for up to 10 years. This can give property owners peace of mind that they have protection.

Fire Chief Bruce Wade likes the new technology, he says owners cannot become complacent.

“My only concern is people still have to test them. They can’t put them up and forget about them for 10 years and never clean them or never test them,” he said.

He says maintaining a smoke detector can be as simple as dusting it.

“Depending on the type of smoke detector, there is a photoelectric eye, so that anything impedes that it sets the detector off. Spiders get in them and build a web or there is dust,” he said.

He adds to make sure when buying a smoke detector it is ULC or CSA approved and installed properly.

Part of installation is making sure they are the proper detectors and placing them in the proper place. Installing a detector too close to cooking areas or near showers can be a nuisance. New building codes call for smoke detectors in sleeping areas, one in a common area and one on every level of the house. There also has to be a carbon monoxide detector.

Wade adds there are systems that have a wifi connection, that way if one goes off all of the detectors react.

“They have to have them now because fire burns so quickly, people only have three minutes,” said Wade.

Bob Sheddy of Drumheller Housing Administration and Century 21 PowerRealty.ca says they have been replacing its detectors with the 10-year powered Smoke/CO units for over a year. He also worked with the Drumheller Co-op to bring them in for sale.

“Smoke detectors are either battery operated or wired in, but even wired in ones have a backup battery that needed to be changed once a year,” said Sheddy.

He likes the new technology because often in rental properties, residents may not be vigilant in maintaining the batteries. In addition, these new ones actually vocalize English and French commands if there is an issue, so no longer do residents have to figure out what the different patterns of beeps mean. (Often once every 30 seconds means the battery is dying or the detector is at end of life). “Residents often call us after hours to help diagnose what the beeping is. Now they will know right away what issue the detector is announcing. Although batteries are relatively inexpensive some residents have issues safely reaching the detector to replace it.”

“As a property manager it is frustrating to find that a smoke detector has had the 9V battery removed. Some residents will call the office and we would gladly send someone to change the battery at our cost, but when we do our random inspections, countless times we find the battery removed,” said Sheddy.


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