Radio / Television News

CHUM’s best year


TORONTO – 2005 “is developing into CHUM’s best year ever,” company CEO Jay Switzer said this afternoon in presenting the third quarter financial results. Overall, revenue was up 18% to $175.5 million in the quarter ended May 31st, as compared to last year’s Q3. Earnings before interest, taxes, depreciation and amortization shot up by 52.4% to $47.8 million. Radio’s EBITDA increased 39.5% to $14.5 million, and television by 46.4% to $37.2 million. Cash flow from operations increased by 44.8% to $27.9 million. CHUM owns and operates 33 radio stations as well as a number of conventional TV stations such as...