CRTC issues report on television profitability
By Adnews Staff
The Canadian Radio-television and Telecommunications Commission has released its latest statistical and financial report on Canadian television. The report shows increased profits for all services for the broadcast year ending August 31, 2010. The data includes information from conventional television stations as well as specialty, pay, pay-per-view television and video-on-demand services. Revenues for private conventional television increased nine percent to approximately $2.15 billion in 2010. Expenses during that period increased by 1.7% $2.05 billion. Of this revenue, $350 million came from local advertising, while $1.6 billion came from national advertising, $65.9 million came from the Local Programming Improvement Fund and $117.9 million came from other sources. Revenues for pay and specialty services grew by 11.1 % to approximately $3.46 billion, while expenses increased by 8.1% to $2.49 billion.Of this revenue, $1.58 billion came from cable television subscribers, $668 million came from direct-to-home satellite subscribers, $1.09 billion came from national advertising, $19.6 million came from local advertising and $99.9 million came from other sources. In 2010, these sectors of the broadcasting industry employed 11,761 people and paid a total of $925.3 million in salaries. In 2010, Bell-CTVglobemedia had revenues of $1,882.8 million and expenses of $1, 660.4 million. Quebecor Media had revenues of $359.1 million and expenses of $270.6 million. Rogers had revenues of $587.2 million and expenses of $511.4 million. Shaw Media had revenues of $1,030.3 million and expenses of $774.3 million.