Private radio in Canada is basking in some of its best profits in decades.

In a report by Statistics Canada, commercial radio stations reported nearly 20% profit margin (before interest and taxes) in 2007 — that’s the industry’s third best result in 30 years, after 2006 and 2005.

The boom comes despite the emergence of new technologies such as satellite radio, online radio and portable digital players.

From Broadcaster Magazine:

[Statistics Canada] says regulatory changes in 1998 allowed for greater concentration of ownership, which helped radio withstand the competition from other media.The industry also rationalized its operations by transferring AM stations to the generally more popular and more profitable FM band.

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