Commercial radio finished the financial year on a positive note, with advertising revenue for metropolitan stations reaching $775.464 million in 2015/16, up 5.88% compared to the previous year, according to figures sourced by Deloitte and released today by Commercial Radio Australia.
The figures showed ad revenue across the five capital city markets grew by 5.79% in the month of June to $75.003 million.
Joan Warner, chief executive officer of CRA, said the industry had grown advertising revenues for the fourth consecutive year.