Small Markets - New Brunswick

Canadian Radio-television and Telecommunications Commission

Financial Summary - Radio

	2004	2005		2006		2007		2008		CAGR (%)
($) Reporting Units	24	25		28		28		28		5 yr
Revenue			Var %		Var %		Var %		Var %
Local Time Sales	18,826,995	18,930,632	0.55	20,399,974	7.76	22,353,972	9.58	23,054,498	3.13	5.2
National Time Sales	4,381,921	5,503,162	25.59	5,529,946	0.49	5,814,008	5.14	5,595,179	-3.76	6.3
Network Payments								0		n/a
Syndication-Production	34,282	30,632	-10.65	41,328	34.92	33,918	-17.93	61,299	80.73	15.6
Other Revenue	91,167	70,425	-22.75	151,733	115.45	104,088	-31.40	137,452	32.05
Total Revenue	23,334,365	24,534,851	5.14	26,122,981	6.47	28,305,986	8.36	28,848,428	1.92	5.5
Expenses
Program	5,989,186	6,055,103	1.10	7,701,050	27.18	7,459,308	-3.14	7,614,264	2.08	6.2
Technical	998,537	1,006,639	0.81	1,140,679	13.32	1,163,622	2.01	1,146,901	-1.44	3.5
Sales and Promotion	4,922,970	5,134,579	4.30	6,492,866	26.45	6,700,931	3.20	6,730,482	0.44	8.1
Administration and General	4,411,271	3,675,979	-16.67	5,293,573	44.00	6,019,306	13.71	6,544,142	8.72	10.4
Total Expenses	16,321,964	15,872,300	-2.75	20,628,168	29.96	21,343,167	3.47	22,035,789	3.25	7.8
Operating Income	7,012,401	8,662,551		5,494,813		6,962,819		6,812,639
Depreciation	1,206,374	1,080,535	-10.43	1,258,690	16.49	986,246	-21.65	1,022,071	3.63	-4.1
P.B.I.T.	5,806,027	7,582,016		4,236,123		5,976,573		5,790,568
Interest Expense	111,298	101,517	-8.79	187,860	85.05	154,013	-18.02	2,243,501	>999±
Adjustments	-665,137	-697,798	4.91	406,585	-158.27	48,991	-87.95	-65,210	-233.11
Pre-tax Profit	5,029,592	6,782,701		4,454,848		5,871,551		3,481,857
Programming (%)
Prog Expense/Expense Total	36.7	38.1		37.3		34.9		34.6
Prog Expense/Revenue Total	25.7	24.7		29.5		26.4		26.4
Staff
Total Salaries	9,192,440	9,396,353	2.22	12,319,649	31.11	12,436,998	0.95	12,413,280	-0.19	7.8
Avg Staff Count	232.70	235.43	1.17	298.63	26.84	295.42	-1.07	292.87	-0.86
Avg Salary ($)	39,503	39,911	1.03	41,254	3.36	42,099	2.05	42,385	0.68	1.8
Salaries/Expense Total (%)	56.3	59.2		59.7		58.3		56.3
Profitability (%)
Operating Margin	30.1	35.3		21.0		24.6		23.6
P.B.I.T. Margin	24.9	30.9		16.2		21.1		20.1
Pre-tax Margin	21.6	27.6		17.1		20.7		12.1
CAGR = Compound Annual Growth Rate

2004

2005

2006

2007

2008

CAGR (%)

($) Reporting Units

5 yr

Revenue

Var %

Local Time Sales

18,826,995

18,930,632

0.55

20,399,974

7.76

22,353,972

9.58

23,054,498

3.13

5.2

National Time Sales

4,381,921

5,503,162

25.59

5,529,946

0.49

5,814,008

5.14

5,595,179

-3.76

6.3

Network Payments

n/a

Syndication-Production

34,282

30,632

-10.65

41,328

34.92

33,918

-17.93

61,299

80.73

15.6

Other Revenue

91,167

70,425

-22.75

151,733

115.45

104,088

-31.40

137,452

32.05

Total Revenue

23,334,365

24,534,851

5.14

26,122,981

6.47

28,305,986

8.36

28,848,428

1.92

5.5

Expenses

Program

5,989,186

6,055,103

1.10

7,701,050

27.18

7,459,308

-3.14

7,614,264

2.08

6.2

Technical

998,537

1,006,639

0.81

1,140,679

13.32

1,163,622

2.01

1,146,901

-1.44

3.5

Sales and Promotion

4,922,970

5,134,579

4.30

6,492,866

26.45

6,700,931

3.20

6,730,482

0.44

8.1

Administration and General

4,411,271

3,675,979

-16.67

5,293,573

44.00

6,019,306

13.71

6,544,142

8.72

10.4

Total Expenses

16,321,964

15,872,300

-2.75

20,628,168

29.96

21,343,167

3.47

22,035,789

3.25

7.8

Operating Income

7,012,401

8,662,551

5,494,813

6,962,819

6,812,639

Depreciation

1,206,374

1,080,535

-10.43

1,258,690

16.49

986,246

-21.65

1,022,071

3.63

-4.1

P.B.I.T.

5,806,027

7,582,016

4,236,123

5,976,573

5,790,568

Interest Expense

111,298

101,517

-8.79

187,860

85.05

154,013

-18.02

2,243,501

>999±

Adjustments

-665,137

-697,798

4.91

406,585

-158.27

48,991

-87.95

-65,210

-233.11

Pre-tax Profit

5,029,592

6,782,701

4,454,848

5,871,551

3,481,857

Programming (%)

Prog Expense/Expense Total

36.7

38.1

37.3

34.9

34.6

Prog Expense/Revenue Total

25.7

24.7

29.5

26.4

Staff

Total Salaries

9,192,440

9,396,353

2.22

12,319,649

31.11

12,436,998

0.95

12,413,280

-0.19

7.8

Avg Staff Count

232.70

235.43

1.17

298.63

26.84

295.42

-1.07

292.87

-0.86

Avg Salary ($)

39,503

39,911

1.03

41,254

3.36

42,099

2.05

42,385

0.68

1.8

Salaries/Expense Total (%)

56.3

59.2

59.7

58.3

56.3

Profitability (%)

Operating Margin

30.1

35.3

21.0

24.6

23.6

P.B.I.T. Margin

24.9

30.9

16.2

21.1

20.1

Pre-tax Margin

21.6

27.6

17.1

20.7

12.1

CAGR = Compound Annual Growth Rate

Common menu bar links

Small Markets - New Brunswick

Financial Summary - Radio