The Canadian Radio-television and Telecommunications Commission (CRTC) today released statistical and financial information on the 654 commercial radio stations operating in Canada.
For the broadcast year ending August 31, 2010, FM stations reported higher revenues and profits on the strength of improved local and national advertising sales, while there was little change in the results for AM stations.
In 2010, combined revenues for AM and FM stations increased by 2.9% to $1.55 billion while expenses rose by 1.5% to $1.21 billion. The result was stations earned profits before interest and taxes (PBIT) jumped 9.9% in 2010 to $298.4 million from $271.6 million in 2009.
There were 9 fewer AM stations in 2010, continuing a trend that has seen the total number of AM stations decrease from 177 in 2006 to 141 in 2010. Despite fewer stations though, 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, revenues for French-language AM stations declined by 3.6% to $11.2 million in 2010.
With fewer stations, costs fell considerably so the result was AM profits rose a whopping 47% from $20.5 million in 2009 to $30.2 million in 2010.
There were 17 additional FM stations in 2010, bringing 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-language 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.
Profits before income and taxes at FM Stations climbed from $251.1 million in 2009 to $268.2 million in 2010.
The data contained in the CRTC report were drawn from the annual financial returns of commercial radio stations and cover the period of September 1, 2009 to August 31, 2010. The complete report can be read here
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