CRTC releases financial results for Canada's private commercial radio stations



    OTTAWA and GATINEAU, QC, June 12 /CNW Telbec/ - The Canadian
Radio-television and Telecommunications Commission (CRTC) today released the
statistical and financial summaries for Canada's private commercial radio
stations. The report provides information on the sector's revenues and
expenditures for the broadcast year ending August 31, 2008.
    Canada's AM and FM radio stations generated $1.58 billion in revenues,
representing an increase of just over 5%, or $78 million above 2007 figures.
Expenses rose by 3.6 % to $1.24 billion in 2008, meaning that total profits
before interest and taxes (PBIT) for Canada's radio stations were $335 million
compared to $299 million the previous year. Total revenues have increased by
an annual average of 6.5% over the last five years.
    The increase is attributed to higher advertising revenues for Canada's
commercial radio industry. Between 2007 and 2008, local advertising revenues
increased from $1.09 billion to $1.14 billion while revenue from national
advertising sales increased from $379 million to $406 million.

    FM radio

    For the year ending August 31, 2008, Canada's 474 FM radio stations
generated over $1.25 billion in total revenues. Over the past five years,
average revenues for FM stations have increased by approximately 8%. Revenues
for English-language FM stations were in excess of $1 billion while their
French-language counterparts generated $219 million in revenues. Ethnic FM
stations increased their revenues by over 4% for a total of $16.8 million.

    AM radio

    With 18 fewer AM stations in 2008, there was a decrease in total
revenues. In 2007, Canada's 172 AM radio stations generated $329.6 million in
total revenue compared to $329 million by the 154 AM stations in 2008. This
represents a 0.2% decrease from the previous year.
    Revenues from Canada's 136 English-language AM radio stations have
continued to climb. During the past five years, they experienced an average
3.3 % growth in total revenues, totalling $295 million in 2008. In contrast,
revenues for the nine French-language AM stations went from $16.2 million in
2007 to $12.4 million in 2008 - a 24% decrease from the previous year.
    Canada's nine ethnic AM stations also experienced a decline in total
revenues. Their total revenues were down 1.85% from $21.8 million in 2007 to
$21.4 million in 2008.

    Employment

    As of August 31, 2008, Canada's private commercial radio industry
employed 10,347 people and had paid $635.4 million in total salaries for the
fiscal year.

    CRTC reports

    The data contained in this report were drawn from the annual financial
returns of private commercial radio stations and cover the period of September
1, 2007 to August 31, 2008. The report therefore does not reflect the
subsequent worldwide economic downturn and the accompanying decline in
advertising revenues.

    Each year, the Commission publishes statistical and financial summaries
for: radio; conventional television; specialty, pay and pay-per-view
television and video-on-demand services; and broadcast distribution. These
reports allow interested parties to stay informed about the financial
situation of the Canadian broadcasting industry.

    Commercial Private Radio - Statistical and Financial Summaries 2004-2008
    http://www.crtc.gc.ca/eng/stats2.htm

    The CRTC

    The CRTC is an independent public authority that regulates and supervises
broadcasting and telecommunications in Canada.




For further information:

For further information: Media Relations: MediaRelations,
http://support.crtc.gc.ca/crtcsubmissionmu/forms/mediarelations.aspx?lang=e,
(819) 997-9403, Fax: (819) 997-4245; General Inquiries: (819) 997-0313, TDD:
(819) 994-0423, Fax: (819) 994-0218, Toll-free # 1-877-249-CRTC (2782), TDD -
Toll-free # 1-877-909-CRTC (2782); Ask a question or make a complaint,
http://crtc.gc.ca/RapidsCCM/Register.asp?lang=E; These documents are available
in alternative format upon request.


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