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FEDERAL COMMUNICATIONS COMMISSION - page 13 / 21

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4.Radio Industry Financial Performance

This section presents an analysis of the financial performance of the radio industry, with a particular focus on the radio industry’s ongoing performance since the passage of the Telecommunications Act of 1996. The financial performance of the radio industry is examined in two ways.  First, a comparison over different time periods of the financial performance of the radio industry reveals any changes that might have occurred in the structure of the industry and the conduct of its participants.  Second, the financial performance of the radio industry is evaluated to assess its ability to attract new funding to finance its future operations and growth. The following analysis incorporates several financial performance measures that shed light on

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