English Radio can't cry poor at the policy review

OTTAWA-GATINEAU – Profits at Canada's private radio stations jumped 23.8% in 2005, says new data released today by the CRTC, just in time for the Radio Policy Review, which will begin on May 15th. Revenues for Canadian radio stations in 2005 increased by 8.7% over 2004 to $1.3 billion, while profits before interest and taxes (PBIT) jumped to nearly $277 million dollars in 2005. "These growth rates exceeded the average rates recorded over the last five years, during which revenues increased at an average rate of 5.7%, and PBIT at 12.8%," says the release. Of course, FM led the way....