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Montréal Radio Market - FM - English/Ethnic

Financial Summary - Radio

[Table of Contents]

  2004 2005   2006   2007   2008   CAGR (%)
($) Reporting Units 3 4   4   4   4   5 yr
Revenue     Var %   Var %   Var %   Var %  
Local Time Sales 21,058,974 24,697,577 17.28 25,120,783 1.71 25,284,350 0.65 25,352,927 0.27 4.8
National Time Sales 5,727,030 6,848,851 19.59 7,627,494 11.37 7,410,307 -2.85 8,493,102 14.61 10.4
Network Payments               0   n/a
Syndication-Production       99,300     -100.00 0   n/a
Other Revenue 47,945 145,304 203.06 83,452 -42.57 121,722 45.86 174,144 43.07  
Total Revenue 26,833,949 31,691,732 18.10 32,931,029 3.91 32,816,379 -0.35 34,020,173 3.67 6.1
Expenses                    
Program 5,911,996 6,620,124 11.98 7,072,320 6.83 7,412,512 4.81 7,909,046 6.70 7.6
Technical 455,530 499,905 9.74 532,158 6.45 560,187 5.27 920,373 64.30 19.2
Sales and Promotion 5,037,328 5,480,630 8.80 5,619,624 2.54 5,930,204 5.53 5,605,668 -5.47 2.7
Administration and General 4,396,590 5,206,773 18.43 5,801,541 11.42 5,745,739 -0.96 6,116,082 6.45 8.6
Total Expenses 15,801,444 17,807,432 12.69 19,025,643 6.84 19,648,642 3.27 20,551,169 4.59 6.8
Operating Income 11,032,505 13,884,300   13,905,386   13,167,737   13,469,004    
Depreciation 551,480 414,843 -24.78 416,167 0.32 523,808 25.86 759,649 45.02 8.3
P.B.I.T. 10,481,025 13,469,457   13,489,219   12,643,929   12,709,355    
Interest Expense 886,669 720,349 -18.76 505,470 -29.83 414,235 -18.05 372,584 -10.05  
Adjustments -646,790 -389,147 -39.83 -22,783 -94.15 -344,471 >999± -2,183,560 533.89  
Pre-tax Profit 8,947,566 12,359,961   12,960,966   11,885,223   10,153,211    
Programming (%)                    
Prog Expense/Expense Total 37.4 37.2   37.2   37.7   38.5    
Prog Expense/Revenue Total 22.0 20.9   21.5   22.6   23.2    
Staff                    
Total Salaries 7,750,435 8,662,903 11.77 9,050,377 4.47 8,985,084 -0.72 8,296,002 -7.67 1.7
Avg Staff Count 104.60 113.60 8.60 121.00 6.51 118.50 -2.07 119.81 1.11  
Avg Salary ($) 74,096 76,258 2.92 74,797 -1.92 75,823 1.37 69,243 -8.68 -1.7
Salaries/Expense Total (%) 49.0 48.6   47.6   45.7   40.4    
Profitability (%)                    
Operating Margin 41.1 43.8   42.2   40.1   39.6    
P.B.I.T. Margin 39.1 42.5   41.0   38.5   37.4    
Pre-tax Margin 33.3 39.0   39.4   36.2   29.8    
CAGR = Compound Annual Growth Rate
Date Modified: 2009-10-19
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