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  1. In 2009, private radio broadcasters’ operating revenues decreased 5.2% compared to 2008 to reach 1.5 billion dollars. This was the first time since 1993 that these revenues have dropped from one year to the next.
  2. Almost all of the private radio broadcasting operating revenues (97.5%) are generated from advertising revenues. The year 2009 was therefore characterized by a significant drop in private radio broadcasters’ advertising revenues (-5.5%).
  3. The general economic downturn in 2009 affected the profitability of the commercial radio industry. In 2009, private radio broadcasters earned 17.9 cents of profits before interest and taxes per dollar of revenue. This was the worst performance since 2002.
  4. In 2009, 51% of AM stations were profitable compared to 58% in 2008. As for FM stations, 68% were profitable in 2009 – the same percentage as in 2008.
  5. Francophone radio stations were the only ones to increase their operating revenues in 2009, posting a +1.7% growth compared to drops of 6.6% for Anglophone stations and 1.1% for Ethnic stations.
  6. Radio broadcaster performance varied considerably from region to region in 2009. Operating revenues increased annually in Saskatchewan (6.7%) and Quebec (1.1%). In all other regions, the operating revenues decreased.