Led by FM, Canadian radio revenues, profits show modest growth in 2013

OTTAWA-GATINEAU – Canada’s 685 commercial radio stations reported total revenue of $1.62 billion in the 2013 broadcast year, virtually unchanged from the prior year, according to the CRTC’s latest statistical and financial report for this sector released Tuesday.Despite competition from satellite, online and mobile services, total revenues for AM and FM stations increased by 0.26%, from $1.618 billion in 2012 to $1.623 billion in 2013. These revenues enable commercial radio stations to provide a variety of programming to Canadians, support established and emerging Canadian talent, and offer employment opportunities to over 10,200 people.Over the past year, the CRTC report says...