The Canadian Radio-television and Telecommunications Commission 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 climbed from $298.3 million to $311 million, and the PBIT margin went from 19.2% to 19.3%.
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