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Revenues, Expenses & Imome Of Radio & TV Networks & Stations
The radio (AM and FM) and television broadcasting industry for the first time j reported annual revenues in excess of $2 billion. The figure of $2,122.1 million for ! calendar year 1962 represented an increase of 11.2 per cent (or $213.1 million) above j| 1961 revenues of $1,909.0 million. Industry profits (before Federal income tax) were j up one-third from 1961 to $355.1 million.
' Broadcast revenues in radio hit a new high — $636.1 million, up 7.7 per cent from 1961. Before-tax profits in radio of $43.5 million showed a very substantial increase i from 1961 (48 percent).
The 19 network owned and operated stations and the nation's 3,679 other AM and
I AM-FM stations showed a much more favorable profit picture in 1962 than in 1961.
I In both groups expenses increased substantially less than revenues, resulting in profit
: increases of about 40 per cent. Although the four nationwide radio networks reported a
slight increase in network revenues, the networking operation continued to show a loss.
(In Millions of Dollars) — 1961-1962 —
Percent
1962 1961 Change
Service ($ millions) ($ millions) 1961-62
Total Broadcast Revenues
Radio $ 636.1 $ 590.7 7.7
Television 1,486.2 1,318.3 12.7
Industry Total $2,122.1 $1,909.0 +11.2
Total Broadcast Expenses
Radio $ 592.6 $ 561.3 5.6
Television 1,174.6 1,081.3 8.6
Industry Total $1,767.0 $1,642.6 + 7.6
Broadcast Income (before Federal Income Tax)
Radio $ 43.5 $ 29.4 48.0
Television 311.6 237.0 31.5
Industry Total $ 355.1 $ 266.4 +33.3
• Includes AM and FM broadcasting-.
NOTE: 1963 radio data cover the operations of 4 nationwide networks, 3,698 AM and AM-FM and 279 independent FM stations. Excluded are 74 AM and AM-FM stations and 33 independent FM stations whose reports were filed too late for tabulation. 1961 data are for 4 nationwide networks, 3,610 AM and AM-FM and 349 independent FM stations. 1961 TV data cover the operations of 3 networks and 540 stations. 1963 TV data cover the operations of 3 networks and 654 stations.
Source: FCC.
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