Radio / Television News

Canadian radio drives Stingray growth


Signs new deal with MetroMONTREAL – Music platform and radio broadcaster Stingray Group say overall second quarter revenues rise by 120.7% to $76.6 million, due largely to last year’s acquisition of Newcap Broadcasting’s chain of radio stations.That said, noted the company in its release, its recurring broadcasting and commercial music revenues increased 9.4% to $33.5 million for the quarter ended September 30, 2019, as compared to last year’s Q2.Radio accounted for 49.4% of total revenues at $37.8 million in the quarter and overall organic growth came in at 3%. Subscription video on demand subscribers rose 15.5% to 365,000 compared to...