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CRTC issues 2014 report on cable and satellite industry
The CRTC has released its annual report on Canada's terrestrial and satellite broadcast distribution companies. The report contains financial and statistical information for the year ending Aug. 21, 2014. According to the publication, revenues for these companies overall increased 1.5% in the year, from $8.8 billion to $8.9 billion. The number of subscribers declined slightly from 11.5 million to 11.4 million.
Revenues for cable and Internet television service providers increased by a combined three percent from $6.3 billion to $6.5 billion. Internet television services added 29% more subscribers over the year, along with revenue increases of 39%. Subscriptions to cable services declined by five percent, while their revenues declined by three percent. Revenues for satellite television providers decreased by 2.4% to $2.4 billion, while subscriber numbers declined by five percent to 2.6 million.