Commercial Private Radio

Canadian Radio-television and Telecommunications Commission

CRTC - FINANCIAL DATABASE SYSTEM / FINANCIAL SUMMARY - RADIO
Canada - All Languages
	2004	2005		2006		2007		2008		CAGR (%)
($000) Reporting Units	552	563		598		619		628		5 yr
Revenue			Var %		Var %		Var %		Var %
Local Time Sales	937,758	990,840	5.66	1,036,525	4.61	1,088,258	4.99	1,140,991	4.85	5.0
National Time Sales	271,479	322,575	18.82	351,398	8.94	379,071	7.88	406,356	7.20	10.6
Network Payments	0	0		0		0		0
Syndication-Production	9,700	10,931	12.69	12,295	12.48	8,802	-28.41	5,708	-35.15	-12.4
Other	7,717	12,143	57.36	14,174	16.73	25,860	82.44	26,533	2.60
Total Revenue	1,226,653	1,336,489	8.95	1,414,393	5.83	1,501,991	6.19	1,579,587	5.17	6.5
Expenses
Program	333,758	356,400	6.78	393,446	10.39	409,752	4.14	435,279	6.23	6.9
Technical	37,985	38,716	1.92	42,962	10.97	45,396	5.67	50,786	11.87	7.5
Sales and Promotion	318,144	327,514	2.95	350,645	7.06	372,413	6.21	384,817	3.33	4.9
Administration and General	273,435	290,377	6.20	295,864	1.89	332,379	12.34	330,651	-0.52	4.9
Total Expenses	963,322	1,013,008	5.16	1,082,916	6.90	1,159,941	7.11	1,201,534	3.59	5.7
Operating Income	263,331	323,482		331,477		342,050		378,054
Depreciation	39,796	40,552	1.90	46,824	15.47	43,256	-7.62	43,191	-0.15	2.1
P.B.I.T.	223,535	282,929		284,653		298,794		334,863
Interest Expense	29,490	27,530	-6.65	26,474	-3.84	31,280	18.15	18,146	-41.99
Adjustments - Gain(Loss)	10,678	-461	-104.31	39,203	>999±	38,638	-1.44	72,224	86.92
Pre-tax Profit	204,722	254,939		297,381		306,152		388,941
Programming (%)
Programming Expense / Expense Total	34.6	35.2		36.3		35.3		36.2
Programming Expense / Revenue Total	27.2	26.7		27.8		27.3		27.6
Staff
Total Salaries	531,134	554,597	4.42	577,744	4.17	606,809	5.03	635,445	4.72	4.6
Avg Staff Count	9,091	9,361	2.97	9,891	5.66	10,158	2.70	10,347	1.86
Avg Salary ($)	58,424	59,247	1.41	58,413	-1.41	59,737	2.27	61,411	2.80	1.3
Salaries/Expense Total (%)	55.1	54.7		53.4		52.3		52.9
Profitability (%)
Operating Margin	21.5	24.2		23.4		22.8		23.9
P.B.I.T. Margin	18.2	21.2		20.1		19.9		21.2
Pre-tax Margin	16.7	19.1		21.0		20.4		24.6
CAGR = Compound Annual Growth Rate

CRTC - FINANCIAL DATABASE SYSTEM / FINANCIAL SUMMARY - RADIO

Canada - All Languages

2004

2005

2006

2007

2008

CAGR (%)

($000) Reporting Units

552

563

598

619

628

5 yr

Revenue

Var %

Local Time Sales

937,758

990,840

5.66

1,036,525

4.61

1,088,258

4.99

1,140,991

4.85

5.0

National Time Sales

271,479

322,575

18.82

351,398

8.94

379,071

7.88

406,356

7.20

10.6

Network Payments

Syndication-Production

9,700

10,931

12.69

12,295

12.48

8,802

-28.41

5,708

-35.15

-12.4

Other

7,717

12,143

57.36

14,174

16.73

25,860

82.44

26,533

2.60

Total Revenue

1,226,653

1,336,489

8.95

1,414,393

5.83

1,501,991

6.19

1,579,587

5.17

6.5

Expenses

Program

333,758

356,400

6.78

393,446

10.39

409,752

4.14

435,279

6.23

6.9

Technical

37,985

38,716

1.92

42,962

10.97

45,396

5.67

50,786

11.87

7.5

Sales and Promotion

318,144

327,514

2.95

350,645

7.06

372,413

6.21

384,817

3.33

4.9

Administration and General

273,435

290,377

6.20

295,864

1.89

332,379

12.34

330,651

-0.52

4.9

Total Expenses

963,322

1,013,008

5.16

1,082,916

6.90

1,159,941

7.11

1,201,534

3.59

5.7

Operating Income

263,331

323,482

331,477

342,050

378,054

Depreciation

39,796

40,552

1.90

46,824

15.47

43,256

-7.62

43,191

-0.15

2.1

P.B.I.T.

223,535

282,929

284,653

298,794

334,863

Interest Expense

29,490

27,530

-6.65

26,474

-3.84

31,280

18.15

18,146

-41.99

Adjustments - Gain(Loss)

10,678

-461

-104.31

39,203

>999±

38,638

-1.44

72,224

86.92

Pre-tax Profit

204,722

254,939

297,381

306,152

388,941

Programming (%)

Programming Expense / Expense Total

34.6

35.2

36.3

35.3

36.2

Programming Expense / Revenue Total

27.2

26.7

27.8

27.3

27.6

Staff

Total Salaries

531,134

554,597

4.42

577,744

4.17

606,809

5.03

635,445

4.72

4.6

Avg Staff Count

9,091

9,361

2.97

9,891

5.66

10,158

2.70

10,347

1.86

Avg Salary ($)

58,424

59,247

1.41

58,413

-1.41

59,737

2.27

61,411

2.80

1.3

Salaries/Expense Total (%)

55.1

54.7

53.4

52.3

52.9

Profitability (%)

Operating Margin

21.5

24.2

23.4

22.8

23.9

P.B.I.T. Margin

18.2

21.2

20.1

19.9

21.2

Pre-tax Margin

16.7

19.1

21.0

20.4

24.6

CAGR = Compound Annual Growth Rate

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