OTTAWA and GATINEAU - Canada's AM and FM radio stations generated $1.58 billion in revenues for the broadcast year ending August 31, 2008, an increase of just over 5% from the year prior, according to a CRTC report. Canada's 474 FM radio stations reported over $1.25 billion in total revenues for 2008. Over the past five years, average revenues for FM stations have increased by approximately 8%, with revenues for English-language FM stations topping $1 billion, and their French-language counterparts generating $219 million. Ethnic FM stations increased their revenues by over 4% for a total of $16.8 million. With the...
