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Commercial Radio
2007-2011 Financial Summaries

[Table of Contents]

Radio FM (Canada - English)

Revenue ($)

Year	2007	2008	Var %	2009	Var %	2010	Var %	2011	Var %	CAGR (%)
Reporting Units	348	379		400		419		436
Local Time Sales	680,977,422	733,115,463	7.66	696,469,405	-5.00	706,439,236	1.43	724,470,833	2.55	1.6
National Time Sales	247,836,235	267,660,666	8.00	241,658,133	-9.71	265,478,080	9.86	294,191,811	10.82	4.4
Network Payments	0	0	n/a	0	n/a	0	n/a	0	n/a	n/a
Syndication-Production	4,195,296	2,253,591	-46.28	1,837,898	-18.45	503,993	-72.58	796,594	58.06	-34.0
Government Grants						71,624		82,105	14.63	n/a
Other	13,448,187	17,921,017	33.26	18,818,783	5.01	14,357,620	-23.71	15,500,865	7.96
Total Revenue	946,457,140	1,020,950,737	7.87	958,784,219	-6.09	986,850,553	2.93	1,035,042,208	4.88	2.3

 

Expenses ($)

Year	2007	2008	Var %	2009	Var %	2010	Var %	2011	Var %	CAGR (%)
Reporting Units	348	379		400		419		436
Program and Production	223,519,876	247,507,307	10.73	253,819,321	2.55	266,982,194	5.19	275,592,915	3.23	5.4
Technical	25,052,176	29,346,971	17.14	30,674,213	4.52	31,971,360	4.23	33,049,046	3.37	7.2
Sales and Promotion	234,318,627	247,388,607	5.58	240,594,000	-2.75	246,200,518	2.33	257,635,588	4.64	2.4
Administration and General	194,284,604	199,193,138	2.53	195,913,703	-1.65	191,414,396	-2.30	200,731,620	4.87	0.8
Total Expenses	677,175,283	723,436,023	6.83	721,001,237	-0.34	736,568,468	2.16	767,009,169	4.13	3.2
Operating Income	269,281,857	297,514,714		237,782,982		250,282,085		268,033,039
Depreciation	25,116,614	25,367,457	1.00	27,563,505	8.66	28,701,152	4.13	29,144,366	1.54	3.8
P.B.I.T.	244,165,243	272,147,257		210,219,477		221,580,933		238,888,673
Interest Expense	12,164,381	13,292,457	9.27	8,916,850	-32.92	7,047,355	-20.97	7,852,675	11.43
Adjustments - Gain (Loss)	18,240,749	21,197,773	16.21	9,075,650	-57.19	-290,469,498	>999±	-18,246,246	-93.72
Pre-tax Profit	250,241,611	280,052,573		210,378,277		-75,935,920		212,789,752

 

Program and Production (%)

Year	2007	2008	Var %	2009	Var %	2010	Var %	2011	Var %	CAGR (%)
Reporting Units	348	379		400		419		436
Program and Production/Expense Total	33.0	34.2		35.2		36.2		35.9
Program and Production/Revenue Total	23.6	24.2		26.5		27.1		26.6

 

Staff ($)

Year	2007	2008	Var %	2009	Var %	2010	Var %	2011	Var %	CAGR (%)
Reporting Units	348	379		400		419		436
Total Salaries	345,460,945	373,007,649	7.97	377,032,224	1.08	378,878,372	0.49	395,084,314	4.28	3.4
Average Staff Count	5,582.3	5,892.4	5.56	5,830.4	-1.05	5,839.5	0.16	6,023.0	3.14
Average Salary ($)	61,885	63,303	2.29	64,666	2.15	64,882	0.33	65,596	1.10	1.5
Salaries/Expense Total (%)	51.0	51.6		52.3		51.4		51.5

 

Profitability (%)

Year	2007	2008	Var %	2009	Var %	2010	Var %	2011	Var %	CAGR (%)
Reporting Units	348	379		400		419		436
Operating Margin	28.5	29.1		24.8		25.4		25.9
P.B.I.T. Margin	25.8	26.7		21.9		22.5		23.1
Pre-tax Margin	26.4	27.4		21.9		-7.7		20.6