Canadian radio revenues, profits show steady climb four years running

OTTAWA and GATINEAU – Canada’s 675 commercial radio stations reported total revenue of $1.62 billion in the 2012 broadcast year, a figure which has slowly but steadily increased since 2009, according to the CRTC’s latest statistical and financial report for this sector released today. Despite competition from satellite, online and mobile services, total revenues for AM and FM stations increased by 0.4%, from $1.61 billion in 2011 to $1.62 billion in 2012; with the report indicating revenues have increased by 7.4% since 2009. While overall sales of local and national times have also steadily risen over that same period, local...