CRTC Decides Not To Grant New Station In Saskatoon
November 15, 2013 at 5:05 AM (PT)
The CRTC has decided not to open a new frequency for commercial radio operation in SASKATOON, SK.
The Commission had received an application for a new station in the market and opened a call for comments, but decided that while the market has experienced positive economic development and ad revenues are up over C$6 million between 2008 and 2012, it "remains concerned with the low aggregate profitability recorded by the market and in particular with the fact that the additional revenues generated in the market have not led to a marked improvement in the market’s profitability. Specifically, although improved from its level of 3.7% in 2008, the SASKATOON radio market’s aggregate profit before interest and taxes level still remains relatively modest at 8.7%, which is well below the national average."
The move means that no new applications will be accepted for the SASKATOON market for two years.