Private radio sector sees revenues dip slightly in 2014: StatCan

OTTAWA - Operating revenues at Canada’s private radio broadcasters saw their first decrease in five years in 2014, dropping 0.5% from 2013 to $1.6 billion, according to data released Tuesday by Statistics Canada.In 2014, 98.5% of total operating revenues for private radio broadcasting were generated from the sale of advertising. Although the sale of local advertising totalled $1.1 billion, its contribution to the total advertising income of private radio broadcasting decreased in favour of national and network advertising. The local advertising market accounted for 67.7% of total operating revenues- its lowest contribution on record - compared with 30.8% for national and network advertising.Operating expenses in 2014 rose 1.6% to $1.3 billion. The...