March radio revenue up strongly

The commercial radio revenue market has grown significantly in March, improving by 4.65% on the same month in 2012.

The figures have been released today by Commercial Radio Australia, and they show consistent strong growth across all metropolitan markets, aside from Brisbane which rose only marginally.

Melbourne recorded growth of 7.79% to a total of $18.19 million for the month, Perth was up 5.84% to $8.43 million; Adelaide was up 3.76% to $5.45 million; Sydney was up 3.33% to $18. 07 million and Brisbane was up 1.11% to $9.81 million.

The CEO of CRA, Joan Warner, has commented;

“Radio revenue recorded a small rise last month and coupled with these latest figures, is good news for the industry – particularly the Sydney market. However the market continues to be patchy with some markets stronger than others.”

Looking at the figures across the nine months of FY13, radio revenue is down by 1.02% to $501.95m for the five markets.

In this nine months, all markets are down, aside from Perth which has improved 3.6%. Brisbane has been the weakest market falling by 4.37% in FY13 to date.