The Australian radio industry suffered a nightmare September with revenues falling by 7.47% across the major five metro markets compared to the same month a year before.
- Worst hit was Brisbane, which fell 10.77% to $8.568m.
- Next was Adelaide, down 8.96% to $5.276m
- Melbourne was down 7.86% to $17.24m.
- Sydney saw revenues fall by 7.17% in September to $17.62m.
- Even Perth, which had so far held up, saw a decline, falling by 2.19% to $7.7m.
Revenues across the five markets in September were $56.407m
Joan Warner, the CEO of Commercial Radio Australia, said: “Results for September reflect the challenges facing media in a tough trading environment. Some markets are more patchy than others and both first quarter and monthly figures reflect this trend.”
For the quarter as a whole, revenues were down by 3.64% compared to the same quarter last year.