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FM revenues up 34% in past 5 years - CRTC

The CRTC reports there has been a steady increase in revenues and spending for Canadian radio stations for the past five years. In fact, from 1998 to 2002, AM and FM revenues combined rose by 17 percent to 1.1 billion dollars, and spending grew by 13.4 percent, totalling 884.7 million dollars in 2002.

Canadian FM stations have enjoyed significant growth in revenues. This translates into an increase of 31.4 percent over the five-year period. The increase is principally due to a 39.5 percent rise in local advertising revenues.

Increases were higher for Anglophone FM stations whose revenues rose by 32.5 percent, while the revenues of Francophone FM stations grew by 27.1 percent.

Altogether, in 2002, Canadian FM stations spent 23.5 percent of their revenues on programming. In 2002, 15 new FM stations went on the air in Ontario, Saskatchewan and Alberta.

AM radio

In contrast to FM radio, the situation for Canadian AM stations has deteriorated. Their revenues decreased by 9.8 percent in five years, and by 2.8 percent from 2001 to 2002. The situation is even more difficult for Francophone AM stations, as their revenues shrank by 19 percent between 1998 and 2002, compared with 8.8 percent for Anglophone AM stations. In 2002, Canadian AM station programming expenditures represented 40.7 percent of total revenues. In 2002, one new AM radio station took to the airwaves in St. Catharines, Ontario.

The data contained in the CRTC report was derived from the financial statements and annual reports of companies operating Canadian radio stations. (Note that figures for Anglophone stations in the report include those for native and ethnic stations).

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