Canadian radio prospering
Total revenue rises 6% over 2007TORONTO -- Canadian private radio continues to prosper in the face of the Internet, satellite radio and other digital media, Statistics Canada reported Monday.
The government statistics agency pointed to year-over-year growth in airtime sales as total revenue for Canadian radio stations rose 6% to CAN$1.47 billion ($1.41 billion) in 2007, against a year-earlier CAN$1.38 billion.
Domestic FM stations accounted for most of the growth as they turned in revenue up 7.1% to CAN$1.15 billion ($1.1 billion), compared with CAN$1.07 billion in 2006, Statscan reported.
Canadian AM stations saw revenue rise 2.1% to CAN$320.3 million ($306 million) last year, against $313.7 million in 2006.