MUMBAI: Canadian AM radio stations have decreased from 177 in 2006 to 141 in 2010 but the revenues remained stable, whereas the FM stations reported higher revenues and profits on the strength of improved local and national advertising sales, according to the Canadian Radio-television and Telecommunications Commission (CRTC) report.
CRTC released statistical and financial information on the 654 commercial radio stations operating in Canada for the broadcast year ending 31 August, 2010.
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In 2010, total revenues for AM and FM stations increased by 2.9% to $1.55 billion and expenses rose by 1.5% to $1.21 billion. As a result, profits before interest and taxes (PBIT) climbed from $271.6 million in 2009 to $298.4 million in 2010, and the PBIT margin went from 18% to 19.2%.
There were nine fewer AM stations in 2010, but, total revenues were relatively unchanged at $307.3 million—an increase of 0.4% from the previous year. Revenues for english-language AM stations held steady at $272 million in contrast to french AM stations which declined by 3.6% to $11.2 million in 2010. Ethnic AM stations increased their revenues by 5.7% for a total of $24 million.
17 additional FM stations in 2010 bring the number of FM stations operating in Canada to 513. These stations combined for $1.24 billion in total revenues, up from $1.2 billion in 2009. Revenues for english FM stations grew by 2.9% to $986.6 million, while those for french-language FM stations increased by 5.8% to $239.9 million. Ethnic FM stations posted revenues of $17.9 million, representing a 10.2% increase in one year.
