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Commercial Radio
2007-2011 Financial Summaries

[Table of Contents]

Radio (Montréal Market - AM)

Revenue ($)

Year	2007	2008	Var %	2009	Var %	2010	Var %	2011	Var %	CAGR (%)
Reporting Units	10	9		9		9		7
Local Time Sales	17,208,367	17,913,950	4.10	15,144,438	-15.46	13,227,013	-12.66	12,894,466	-2.51	-7.0
National Time Sales	2,303,267	2,369,531	2.88	3,970,413	67.56	5,205,253	31.10	5,435,411	4.42	23.9
Network Payments		0		0	n/a	0	n/a	0	n/a	n/a
Syndication-Production	387,812	21,700	-94.40	35,935	65.60	21,051	-41.42	133,187	532.69	-23.5
Government Grants						0		0	n/a	n/a
Other	714,651	504,662	-29.38	828,228	64.12	777,921	-6.07	1,020,645	31.20
Total Revenue	20,614,097	20,809,843	0.95	19,979,014	-3.99	19,231,238	-3.74	19,483,709	1.31	-1.4

 

Expenses ($)

Year	2007	2008	Var %	2009	Var %	2010	Var %	2011	Var %	CAGR (%)
Reporting Units	10	9		9		9		7
Program and Production	12,229,265	12,872,855	5.26	11,810,608	-8.25	10,035,493	-15.03	10,196,027	1.60	-4.4
Technical	1,572,857	2,011,624	27.90	1,850,860	-7.99	1,331,091	-28.08	952,010	-28.48	-11.8
Sales and Promotion	5,393,507	4,863,916	-9.82	5,611,547	15.37	4,361,747	-22.27	4,348,909	-0.29	-5.2
Administration and General	6,476,422	6,253,525	-3.44	5,701,338	-8.83	4,668,037	-18.12	3,915,759	-16.12	-11.8
Total Expenses	25,672,051	26,001,920	1.28	24,974,353	-3.95	20,396,368	-18.33	19,412,705	-4.82	-6.8
Operating Income	-5,057,954	-5,192,077		-4,995,339		-1,165,130		71,004
Depreciation	644,874	668,600	3.68	718,582	7.48	432,541	-39.81	164,587	-61.95	-28.9
P.B.I.T.	-5,702,828	-5,860,677		-5,713,921		-1,597,671		-93,583
Interest Expense	468,637	529,339	12.95	547,713	3.47	769,506	40.49	-119,967	-115.59
Adjustments - Gain (Loss)	1,136,910	639,384	-43.76	3,106,703	385.89	1,826,224	-41.22	-43,320	-102.37
Pre-tax Profit	-5,034,555	-5,750,632		-3,154,931		-540,953		-16,936

 

Program and Production (%)

Year	2007	2008	Var %	2009	Var %	2010	Var %	2011	Var %	CAGR (%)
Reporting Units	10	9		9		9		7
Program and Production/Expense Total	47.6	49.5		47.3		49.2		52.5
Program and Production/Revenue Total	59.3	61.9		59.1		52.2		52.3

 

Staff ($)

Year	2007	2008	Var %	2009	Var %	2010	Var %	2011	Var %	CAGR (%)
Reporting Units	10	9		9		9		7
Total Salaries	15,511,679	15,123,465	-2.50	14,117,459	-6.65	11,280,583	-20.09	12,069,038	6.99	-6.1
Average Staff Count	279.7	252.6	-9.70	244.4	-3.22	205.9	-15.75	175.2	-14.92
Average Salary ($)	55,458	59,881	7.97	57,757	-3.55	54,776	-5.16	68,879	25.75	5.6
Salaries/Expense Total (%)	60.4	58.2		56.5		55.3		62.2

 

Profitability (%)

Year	2007	2008	Var %	2009	Var %	2010	Var %	2011	Var %	CAGR (%)
Reporting Units	10	9		9		9		7
Operating Margin	-24.5	-25.0		-25.0		-6.1		0.4
P.B.I.T. Margin	-27.7	-28.2		-28.6		-8.3		-0.5
Pre-tax Margin	-24.4	-27.6		-15.8		-2.8		-0.1