Chantilly, VA - Aug 25, 2010 - BIA Kelsey has once again revised its forecast for radio revenues in 2010 and beyond. The changes are slight and equate to a $100 million increase for each year 2010 through 2014.
BIA/Kelsey has again updated its five-year forecast for the radio industry. (Click image to enlarge.)
BIA/Kelsey also notes that the small volume of radio station transactions this year have been a function of the revenue and profit decline experienced in recent years and a lack of bank financing. As of July there were only $168 million in transactions compared with $207 million in 2009.
The details are reported in the third edition of BIA/Kelsey''s quarterly Investing In Radio Market Report.