Industry Analysis & Industry Trends
The industry comprises all radio broadcasters, including government, commercial broadcasters and community radio broadcasters, but excludes online-only operators. In 2014-15, IBISWorld expects the Radio Broadcasting industry to generate revenue of $1.59 billion, representing growth of 0.8% from the previous year. Revenue is estimated to grow at a compound annual rate of 1.2% over the five years through 2014-15. The introduction of digital radio has been one of the largest technological advancements in the industry over the past five years. Anticipated as a new avenue for the industry, this new medium has struggled in an environment where portable computing and increasing internet accessibility are influencing consumer entertainment choices... purchase to read more
Industry Report - Industry Investment Chapter
For every dollar spent on the use and replacement of buildings and equipment, $11.36 is spent on labour. Although the radio stations require substantial capital investment with regards to broadcasting and studio facilities, the industry is still labour-intensive. Labour input is required in all activities, such as management, sales of airtime and station promotions, on-air personalities, production and other back office functions, such as maintenance and cleaning.
The capital costs for setting up a new radio station vary based on the technology used, size and scope. In addition to licences, radio stations require transmission equipment and studio equipment... purchase to read more