Despite what some may think, radio in this country is still in very good shape and a very profitable business. The CRTC issued their annual report on the state of Canadian radio–and here’s what we learned.
- There are 685 commercial radio stations in Canada, 556 FM and 129 AM,
- Last year, these stations brought in $1.33 billion in revenue, an increase of $20 million over 2012.
- However, if you look at AM stations, their revenue was down by almost 4% from a year earlier. Those 129 stations brought in $253 million. The rest went to FM.
The full report can be found here.
(Via FYI Music News)