Who’s making money and who’s not?
Calendar 2014 was a year of above average growth in aggregate revenues and operating expenses, but slightly reduced profitability, for Australia’s three commercial metropolitan FM radio groups.
Looking to smash your targets this financial year?
You know the numbers you need to reach, but there seem to be barriers preventing your team from closing deals…
The real story (once you get through the anti-Austereo bias) is ...
2011, there was around $160mil profit to be made (EBIT) out of metro radio in Australia.
2014 - there was around $160mil profit to be made (EBIT) out of metro radio in Australia. It's just being divvied up a bit differently.
And really - Harvey Norman would just about spend that all by themselves.
Not much to get excited about in the bigger picture, here.