Private Canadian Radio Posts Record Profits
June 10, 2011 at 8:58 AM (PT)
Good news from radio stations north of the border, as a new report says private broadcasters increased revenues and recorded higher profit margins last year. The CBC reports, "STATISTICS CANADA says the industry's operating revenues reached $1.6 billion in 2010, up 3.2% from 2009. Profit margins in private radio rose to 19.1% before interest and taxes, up from 17.9% in 2009. The agency says the industry's profit margins have consistently exceeded 15% since the late 1990s."
Broadcasters in ONTARIO fared best for the second straight year, with 22.9 cents of profit before interest and taxes per dollar of revenue. Saskatchewan posted the lowest profit margin.
AM stations were up 1.3%, while FM revenues were up by 3.7%.