but was subsequently withdrawn in January 2009. Newcap CEO Rob Steele indicated that in light of the credit market crisis, the company did not feel that it was the right time to increase its debt load. In May 2011, Newcap announced that it was selling its two stations in Winnipeg, CKJS and CHNK-FM, to Evanov Communications; the sale was approved on October 24, 2011. In January 2013, the company announced it was exploring a possible sale of its remaining broadcasting assets in Western Canada, consisting of 32 radio stations and two television stations, and six rebroadcasters associated with those stations. These stations are predominantly in Alberta (including several stations in the Lloydminster region on the Alberta/Saskatchewan border), except for two stations in British Columbia. The company announced in May 2013 it was no longer planning to sell its assets in Western Canada. If such a sale had occurred, Newcap suggested that the proceeds might be used to either fund acquisitions "closer to [Newcap's] base in Atlantic Canada", pay down debt, or return capital to shareholders. On August 26, 2013, Newcap Radio announced it would acquire four former Astral Media radio stations in Toronto and Vancouver, including CHBM-FM, CKZZ-FM, CHHR-FM and CISL, along with Bell Media's CFXJ-FM, for $112 million. The deal was made in the wake of Bell Media's acquisition of Astral. The deal was approved by the CRTC on March 19, 2014 and the sale closed on March 31, 2014. On April 25, 2017, Rogers Media announced its intent to acquire CISL from Newcap, who relaunched it as a Sportsnet Radio sports talk station with rights to the NHL's Vancouver Canucks. On May 11, 2017, Newcap Radio announced its purchase of NL Broadcasting in Kamloops and its three stations, CHNL, CKRV-FM, and CJKC-FM. On May 2, 2018, cable radio broadcaster Stingray Digital announced its intent to acquire Newcap Radio for $506 million. On October 23, 2018, the CRTC approved Stingray's application to acquire Newcap. The sale was completed just days later on October 26, 2018, with the Steele family holding the largest stake in the company besides its founders. In January 2021, Stingray networked its rock stations in Atlantic Canada out of CFRQ-FM/Halifax, with all of them adopting similar Q branding and airing CFRQ's morning show, in addition to the existing networked evening show Rock of the Atlantic. In late-March 2021, the company underwent a restructuring of some of