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Table 4-1
Private radio broadcasters, by selected census metropolitan areas, revenue and expense statement — Toronto

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Toronto: Part 1
  2004 2005 2006 2007 2008
  thousands of dollars
Revenues  
Sales of air time  
Local 171,066 185,438 196,541 197,713 199,230
National and network 46,356 54,112 61,282 67,843 74,528
Sales of air time, total 217,423 239,550 257,822 265,556 273,758
Production and other, total 3,113 4,125 5,392 6,814 7,970
Operating revenue, total 220,535 243,675 263,215 272,370 281,728
Expenses  
Program 56,198 61,133 68,386 72,787 74,691
Technical services 5,454 5,762 6,124 6,451 7,104
Sales and promotion 56,402 55,163 60,886 60,261 60,205
Administration and general 41,897 42,276 43,123 53,930 49,574
Depreciation 4,894 5,063 4,658 4,969 5,500
Operating expenses, total 164,846 169,398 183,177 198,398 197,074
Profit before interest and taxes 55,689 74,277 80,038 73,973 84,654
Interest expense 4,839 3,399 3,078 2,295 1,323
Expenses, total 169,684 172,797 186,254 200,693 198,397
Net operating income 50,851 70,878 76,960 71,678 83,331
Other adjustments-income (expense) 2,235 -1,412 11,755 8,180 13,027
Net profit (loss) before income taxes 53,086 69,466 88,715 79,858 96,358
Provision for income taxes 13,085 15,142 11,562 12,166 8,723
Net profit (loss) after income taxes 40,001 54,325 77,153 67,692 87,635
Salaries and other staff benefits 86,666 84,290 89,864 93,612 95,598
  numbers
Number of employees (weekly average) 1,012 1,023 1,096 1,155 1,117
Number of stations 27 30 30 31 30
Toronto: Part 2
  2004 2005 2006 2007 2008
  percentage of revenues
Revenues  
Sales of air time  
Local 77.6 76.1 74.7 72.6 70.7
National and network 21.0 22.2 23.3 24.9 26.5
Sales of air time, total 98.6 98.3 98.0 97.5 97.2
Production and other, total 1.4 1.7 2.0 2.5 2.8
Operating revenue, total 100.0 100.0 100.0 100.0 100.0
Expenses  
Program 25.5 25.1 26.0 26.7 26.5
Technical services 2.5 2.4 2.3 2.4 2.5
Sales and promotion 25.6 22.6 23.1 22.1 21.4
Administration and general 19.0 17.3 16.4 19.8 17.6
Depreciation 2.2 2.1 1.8 1.8 2.0
Operating expenses, total 74.7 69.5 69.6 72.8 70.0
Profit before interest and taxes 25.3 30.5 30.4 27.2 30.0
Interest expense 2.2 1.4 1.2 0.8 0.5
Expenses, total 76.9 70.9 70.8 73.7 70.4
Net operating income 23.1 29.1 29.2 26.3 29.6
Other adjustments-income (expense) 1.0 -0.6 4.5 3.0 4.6
Net profit (loss) before income taxes 24.1 28.5 33.7 29.3 34.2
Provision for income taxes 5.9 6.2 4.4 4.5 3.1
Net profit (loss) after income taxes 18.1 22.3 29.3 24.9 31.1
Salaries and other staff benefits 39.3 34.6 34.1 34.4 33.9
Note(s):
Totals may not add due to rounding.