A new CRTC study tracks the trends in Canada's broadcast sectors.
Among the findings:
Although radio stations continue to report declining revenues, the rate at which the revenues are shrinking is slowing down. This year, commercial stations reported a -0.5% growth rate, which is lower than the 5-year average rate of -1.6%.
Over 700 commercial radio stations reported revenues of $1,514 million in 2018, compared to $1,521 million in 2017.
Conventional TV stations generated less revenue in 2018 than in 2017 as they continue to feel the effects of weakening advertising sales. This trend is consistent with the overall negative growth of the past 7 years.
Conventional TV stations reported revenues of $1,541 million in 2018, compared to $1,608 million in 2017. The year-over-year decline of -4.2% exceeds the 5-year average of -3.9%.
The full synopsis can be found in the Media Beat section today.