Radio / Television News

Radio revenues surge back to pre-recession levels


OTTAWA-GATINEAU - Canada’s 669 commercial radio stations saw 2011 revenues increase by 4%, on par with pre-recession levels, according to data released Monday by the CRTC. For the broadcast year ending August 31, 2011, total revenues for AM and FM stations increased from $1.55 billion in 2010 to $1.6 billion in 2011, though expenses also rose from $1.21 billion to $1.26 billion during the same period. As a result, profits before interest and taxes (PBIT) climbed from $298.3 million to $311 million, and the PBIT margin went from 19.2% to 19.3%. AM radio The number of AM stations in Canada continued to...