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CRTC: Profits continue to rise for commercial private radio

Briefs | 07/23/2008 4:58 pm EDT

An increase in advertising revenue garnered Canada’s commercial radio stations$1.5 billion in profits for 2007, according to the CRTC. The Commission says this represents a 6.2% increase from $1.4 billion in 2006 to the current figure of $1.5 billion. Considering that $1.159 billion was spent on expenses, the radio industry still raked $300.2 million in profits, which is an increase of 5.5% or $15.7 million before interest and taxes.

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