Radio revenue stable in 2013: CRTC

The regulator reports that 13 new FM stations were added to the market in the past year.
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Total revenues for Canadian AM and FM stations stayed relatively stable in 2013, earning $1.6 billion for the year, up .26% from the previous year.

Expenses at stations across the country were cut by $2 million for a total of $1.2 billion, and as a result, profit before interest and taxes rose slightly from $321 million in 2012 to $328 million in 2013.

The number of FM radio stations in the country grew by 13 in 2013, bringing the total number to 556. Those stations earned a total of $1.33 billion, up marginally from $1.31 billion in 2012.

On the English-radio side revenues rose by 1.31% from $1.04 billion to $1.05 billion. Revenue for French-language stations went up by 0.5%, from $251.9 million to $253.2 million. Ethnic FM stations had revenues increase by 4.3% to land at $21.1 million.

On the AM radio side the number of stations remained stable at 129. Revenues at those stations decreased by 3.8% from $306.2 million in 2012 to $294.6 in 2013.

The radio report is the latest in a series of financial breakdowns going over the numbers from 2013 by the CRTC. It also recently released number for cable, specialty and conventional TV.