RADIOMUTUEL EARNINGS UP
By Adnews Staff
Radiomutuel Inc. of Montreal has released its earnings for the three-month period ending in November. The results show earnings rose 38% to reach $25.6 million, compared to $18.6 million for the same period in the previous year. Operating income before amortization, interest and minority interest rose to $6.1 million, up from $4.9 million for the previous year. Radiomutuel operates in Quebec under the Radio-Energie network and its eight FM radio stations and three AM radio stations. It is co-owner of the Radiomedia Information network, the RadioPlus sales service, radio stations CKAC and CHRC, music video stations MusiquePlus and MusiMax, along with the Canal Vie and Tele-Annonces television stations. The company also operates the TV Plus Media sales service and the Societe en Commandite d'Affichage Omni.