June 3, 2014 – Ottawa-Gatineau – Canadian Radio-television and Telecommunications Commission (CRTC)
The Canadian Radio-television and Telecommunications Commission (CRTC) today released statistical and financial information on the 685 commercial radio stations operating in Canada for the broadcast year that ended on August 31, 2013.
Revenues remained relatively stable from the previous year despite competition from satellite, online and mobile services. Total revenues for AM and FM stations increased by 0.26%, from $1.618 billion in 2012 to $1.623 billion in 2013. These revenues enable commercial radio stations to provide a variety of programming to Canadians, support established and emerging Canadian talent, and offer employment opportunities to over 10,200 people.
Over the past year, stations cut their expenses by $2 million, for a total of $1.252 billion. As a result, profits before interest and taxes (PBIT) improved slightly from $321 to $328 million, increasing the PBIT margin from 19.8% to 20.2%.
Each year, the CRTC compiles financial data on the Canadian broadcasting and telecommunications industries to produce a series of reports. This year’s report on the radio sector provides data on a national basis and by individual markets, as well as on the 81 radio stations operated by the Canadian Broadcasting Corporation.
The CRTC recently published the 2013 financial results for local television stations, specialty, pay and pay-per-view television services and video-on-demand services, and cable and satellite companies. It will soon publish the annual edition of its Communications Monitoring Report.
These annual reports allow Canadians to stay informed about the state of the Canadian broadcasting industry and help them participate in the CRTC’s public consultations.
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