Private radio's 2007 growth, from Statistics Canada

OTTAWA - In Canada, anyway, private radio revenue continues to grow, defying many who believe the web, MP3 players and phones with music players in them will drive radio to an increasingly marginalized role. In the 2007 broadcast year, ended August 31, 2007, advertising revenue among Canadian private radio broadcasters advanced 6% to almost $1.5 billion (current dollars), outpacing advertising market growth as a whole for the third time in five years. Moreover, the 19.8 cents of profit before interest and taxes per dollar of revenue represent the industry's third best showing in the past 30 years, after those of...