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CRTC releases report on television finances

The Canadian Radio-television and Telecommunications Commission has released a report on the financial activities of Canada's private conventional television stations. The report covers the broadcast year ending Aug. 31, 2008. According to the report, revenues for these stations decreased 1.5% compared to the previous year, while expenses increased four percent. Private broadcasters generated $2.1 billion in total revenue in 2008, $387 million of which came from local advertising, while $1.47 billion came from national advertising. This is a reduction from the $1.52 billion in national ad revenue generated in 2007. Operating expenses were $2.1 billion in 2008, 71% of which went to the acquisition and production of programming. In 2008, private conventional television stations employed 7,402 people and paid $577 million in salaries. In the previous year the sector employed 7,873 people and paid $594 million in salaries.

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