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CRTC reports on conventional television finances
The Canadian Radio-television and Telecommunications Commission has released its annual report on the financial results of Canadian conventional television stations for the year ending Aug. 31, 2015. According to the report, there were 93 private conventional television stations operating in Canada in 2015, generating total revenues of $1.76 billion. This represents a decline of 2.6% from 2014. Expenses decreased by 1.6% to $1.82 billion, resulting in a decline in profits from -$138.7 million to -$140.9 million. Revenue from the sale of local advertising declined from $333.6 million in 2014 to $330.1 million in 2015, a decrease of one percent. National advertising revenue remained almost unchanged at $1.2 billion.
The Canadian Broadcasting Corporation/Société Radio-Canada reported total revenues of $1.1 billion in 2015, down 16.6% from the previous year. The CBC/SRC reported advertising revenues of $220.1 million in 2015, a decline of 53.6%. The report attributes this decline to an absence of major sporting events in 2015 and the loss of the NHL's television rights.