CRTC releases 2011 financial results for Canadian commercial radio stations

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OTTAWA-GATINEAU, June 4, 2012 — Today, the Canadian Radio-television and
Telecommunications Commission (CRTC) released statistical and financial
information on the 669 commercial radio stations operating in Canada. 
Revenues for the broadcast year ended August 31, 2011, increased by
approximately 4% over the previous year, demonstrating steady growth and
continued confidence in an industry whose revenues are now back to
pre-recession levels.
While total revenues for AM and FM stations increased from $1.55 billion
in 2010 to $1.6 billion in 2011, expenses also rose from $1.21 billion to
$1.26 billion during the same period. As a result, profits before interest
and taxes (PBIT) climbed from $298.3 million to $311 million, and the PBIT
margin went from 19.2% to 19.3%.
FM radio
There were 13 additional FM stations in 2011, bringing the number of FM
stations operating in Canada to 535. These stations combined for $1.3
billion in total revenues, up from $1.24 billion in 2010.
Revenues for English-language FM stations grew by 4.9% to $1.04 billion,
while those for French-language FM stations increased by 2.8% to $246.7
million. Ethnic FM stations, for their part, posted revenues of $19.8
million, representing an 11% increase over the previous year.
AM radio
The number of AM stations in Canada continued to decline from 141 in 2010
to 134 in 2011 as a number of stations converted to the FM band. 
Nevertheless, total revenues increased by 1.2% for a total of $311
million, surpassing the $307 million generated in 2010.
Revenues for English-language AM stations went from $272 million in 2010
to $274 million in 2011, a 1% increase. For the first time since 2006, the
French-language AM stations reported an increase in revenues, which
climbed by 4.7% to $11.7 million.  Finally, ethnic AM stations saw their
revenues increase by 1.6% for a total of $24.4 million.
In 2011, commercial radio stations employed 10,576 people and paid a total
of $676.3 million in salaries, an increase of 4.7% from last year when
they employed 10,104 people and paid $640.7 million in salaries.
CRTC reports
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 industry provides data on a national basis and
by individual markets, as well as on the 82 radio stations operated by the
Canadian Broadcasting Corporation.
The CRTC recently published the 2011 financial results for conventional
television stations,
specialty, pay and pay-per-view television services and video-on-demand services, 
and broadcasting distribution companies.  
It will soon publish the Communications Monitoring Report.
These annual reports allow interested parties to stay informed about the
state of the Canadian communications industry.
Commercial Radio – Statistical and Financial Summaries 2007–2011
The CRTC is an independent public authority that regulates and supervises
broadcasting and telecommunications in Canada.
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Follow us on Twitter @crtceng
Media Relations:
MediaRelations, Tel: 819-997-9403, Fax: 819-997-4245
General Inquiries:
   Tel: 819-997-0313, TDD: 819-994-0423, Fax: 819-994-0218
   Toll-free # 1-877-249-CRTC (2782)
   TDD - Toll-free # 1-877-909-CRTC (2782)
   Ask a question or make a complaint
These documents are available in alternative format upon request.

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