RADIOMUTUEL REPORTS RISE IN EARNINGS
By Adnews Staff
Montreal-based Radiomutuel Inc. has reported a 21% jump in earnings for the six-month period ending Feb. 22. Earnings reached $35 million, compared to $28.9 million during the same period last year. Operating income rose from $5 million to $6.8 million. Radiomutuel operates the Radio-Energie network and its eight FM and three AM radio stations. In addition, it is co-owner of the Radiomedia Information network, TV stations CKAC and CHRC, music video stations MusiquePlus and MusiMax and the Canal Vie television station. The company also operates the Soceite en Commandite d'Affichage Omni.
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