The Canadian Radio-television and Telecommunications Commission (CRTC) 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, total revenues for AM and FM stations increased by 2.9% to $1.55 billion and expenses rose by 1.5% to $1.21 billion. As a result, profits before interest and taxes (PBIT) climbed from $271.6 million in 2009 to $298.4 million in 2010, and the PBIT margin went from 18% to 19.2%.
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