Private radio continues to thrive in Canada
Wow. So much for their industry being under pressure.
The CRTC says revenues Canada’s commercial radio stations increased by 5.7% in the last year, going from $1.3 billion to $1.4 billion. And profit margins went up too by 2.7% to 20%. Good work if you can get it.
- Commercial AM radio experienced stronger growth in revenues between 2005 and 2006 than at any other time in the last five years.
- Revenues for commercial FM radio stations in Canada have been steadily increasing over the last five years.
- The Canadian private-radio industry employed 9,763 people in 2006 and paid a total of $577.8 million in salaries.
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[...] For more thoughts on Canada’s radio market, check out Inside the CBC. [...]