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Last updateThu, 18 Apr 2024 9am

Newcap explores selling Western Canada Broadcasting assets

    The Newfoundland Capital Corporation (Newcap) the parent company of Q91 Radio in Drumheller, is exploring the possibility of selling its broadcasting assets in Western Canada.
    At this point, the company is simply looking into the idea, and no agreement is in place.
    Newcap owns 32 radio stations, six repeater licences and two television stations in Western Canada, located primarily in Alberta. According to a press release, 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 shareholders.
    “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.”


Charges dropped in Drumheller Institution theft

    A correctional supervisor charged with theft from the Drumheller Institution saw his charges withdrawn in provincial court in Drumheller.
    Nathan Shandera, who was a correctional supervisor at the time, was charged in October of 2011 with possession of stolen property, possession of the proceeds of crime and theft under $5,000.
    Earlier in 2011, theft of money and property from the Drumheller Institution was reported to Drumheller RCMP. The police identified a suspect and eventually the cameras matching the description of the ones missing were listed on e-Bay for sale. The cameras were purchased and were determined to be the missing property. 
    On Friday, January 25, Crown Prosecutor Ron Pedersen told the court that Shandera had completed the Alternative Measures Program. This is a program that allows the accused to deal with charges outside of the traditional court system. It is for those facing minor charges and, upon completion, gives them a chance at avoiding a criminal record.     
    Pedersen made application to withdraw charges against Shandera. Judge Grieve accepted the application.

Community Facility fundraising co-chairs resign

    The fundraising campaign for the Badlands Community Facility (BCF) has seen its share of challenges in recent months. A recent announcement adds another.
    Two weeks ago, the co-chairs for the fundraising cabinet, Jeff Hall and Elson McDougald, resigned, leaving the organization to regroup.
    Each had their reasons, but agreed it was time for others to take up the torch.
    “I wasn’t getting anymore done. We had raised $3.3 million and I couldn’t see myself adding much more to that, so I thought it was time for someone to take over,” said McDougald, who had been involved for three years. “I’m travelling a fair amount. I hope someone else can come in and give it more attention.”
    Hall, who had been involved since the beginning, said the campaign was shifting its focus from going after large-scale corporate donors to more event-based fundraising.
    “I felt it was something that wasn’t my strength as a fundraiser. I’ve been involved with it for a long time. There were a lot of challenges,” said Hall. “It was something I enjoyed and I am still really supportive of the facility, but it’s time for other people to consider stepping up and help drive the process forward.”
    Each were proud to have volunteered with the cabinet and helped get the BCF up and running.
    “The highlight for me was working with everyone else on the cabinet and speaking with people who were willing to step forward and help with a financial commitment,” said Hall.
    At the January 21 meeting of the Committee of the Whole, the announcement was made and gratitude was expressed for all the two had done.
    “The people of Drumheller have a lot to thank them for. They showed great guidance and direction. They’re busy people and we’re fortunate to have had them as long as we did,” said Mayor Terry Yemen.
    The BCF fundraising campaign has raised roughly $3.3 million to date out of a $6 million goal. There were concerns by members of Council the campaign had been losing traction and efforts were being made to regain momentum.
    For now, the fundraising campaign is taking some time to reassess where it is headed. The Town is also working to establish a community foundation, which would aid the facility.
    Currently, the big push for fundraising is the Legacy Patio Brick Campaign.
    “It’s been slow, but it will have to be part of the recharge as we get things in order and new people on the cabinet. We need more than ideas though. We need a time commitment to go along with it. We’re going to have to look at other options. We’re looking at a foundation, like the 'Friends of the BCF',” said Yemen.
    Anyone interested is encouraged to contact the Town.
    “Get behind it. It’s a fantastic facility and the next phase is looking outstanding for Drumheller. There are enough resources in Drumheller to finish it,” said McDougald. “We just have to get the momentum going and local support is so important for that.”


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