Commercial radio sees 8% ad revenue lift in first quarter
The commercial radio industry has recorded ad revenue growth of nearly 8 per cent for the first quarter of the year, an uplift from its 2.8 per cent fall in the same 2009 period when it was hit by the global financial crisis.
The latest result has been buoyed by a rise of over 15 per cent in ad revenue for the month of March, according to Deloitte figures commissioned by Commercial Radio Australia.
Advertising revenue in the five metropolitan markets for the first quarter showed growth of 7.71 per cent compared to the same period last year, to a total of $151.1m.
The strongest growth for the quarter was in Sydney, up 11.23 per cent to $47.5m; followed by Perth, up 10.62% to $20.77m; Brisbane up 5.5 per cent to $24.2m; Melbourne up 5.44 per cent to $44.3m; and Adelaide up 3.45 per cent to $14.2m.