Radio / Television News

Despite return of ad market, radio continues to struggle

OTTAWA-GATINEAU – Canada’s 654 commercial radio stations saw 2010 revenues increase by only 2.9%, according to data released Wednesday by the CRTC.For the broadcast year ending August 31, 2010, FM stations reported higher revenues and profits on the strength of improved local and national advertising sales, but there was little change in the results for AM stations.  Total revenues for AM and FM stations increased to $1.55 billion, while expenses rose by 1.5% to $1.21 billion.  As a result, profits before interest and taxes (PBIT) climbed from $271.6 million in 2009 to $298.4 million in 2010, and the PBIT margin went from...