CRTC realeases 2011 conventional television financial report
The Canadian Radio-television and Telecommunications Commission has released statistical and financial information on Canadian conventional television stations for the broadcast year that ended on Aug. 31, 2011. According to the CRTC, revenues for private conventional television stations remained mostly steady from 2010 to 2011, increasing from $2.147 billion to $2.153 billion. Operating expenses decreased from $2.05 billion to $1.9 billion. Profits rose from $11.5 million to $160.6 million. Revenues from local advertising grew by 1.5% from $350.1 million to $355.3 million. National advertising revenues remained unchanged at $1.5 billion. In 2011, private conventional broadcasters employed 6,337 people and paid $531.7 million in salaries, compared to 6,282 employees and $511 million in salaries the previous year. The report also includes information on the CBC's French- and English-language conventional television stations. In 2011, the broadcaster reported advertising revenues of $369.6 million, representing a 9.1% increase from revenues of $338.8 million the previous year.