CRTC Releases 2010 Financial Results For Canadian Television Services

Conventional Television – Statistical and Financial Summaries 2006-2010
Pay Television, Pay-Per-View, Video-On-Demand and Specialty Services – Statistical and Financial Summaries 2006-2010
Revenues for private conventional television grew by 9% from $1.97 billion in 2009 to approximately $2.15 billion in 2010. Expenses during the same period increased by 1.7% from $2.01 billion in 2009 to $2.05 billion in 2010. As a result, profits before interest and taxes (PBIT) improved significantly from a deficit of $116.6 million in 2009 to a profit of $11.5 million in 2010 for a PBIT margin of 0.5%.
Revenues for pay and specialty services grew by 11.1 % from $3.11 billion in 2009 to approximately $3.46 billion in 2010. Expenses during the same period were 8.1% higher, going from $2.31 billion to $2.49 billion. Therefore, PBIT for pay and specialty services improved from $728.6 million in 2009 to $877.3 million in 2010 for a PBIT margin of 25.4%.
The total revenues of $2.15 billion for private conventional television were generated from the following sources:
- $350 million in local advertising,
- $1.6 billion from national advertising,
- $65.9 million from the Local Programming Improvement Fund, and
- $117.9 million from other sources.
The total revenues of $3.5 billion for pay and specialty services were generated from the following sources:
- $1.58 billion from cable television subscribers
- $668 million from direct-to-home satellite subscribers
- $1.09 billion from national advertising
- $19.6 million from local advertising, and
- $99.9 million from other sources.
After stagnating in 2009, investment in Canadian programming increased by 12.6% for private conventional television and 8.8% for pay and specialty services.
Private conventional television spending on Canadian programming totalled $696.3 million, including $304.6 million on news programs, $50.9 million on documentaries and other information programs, $141 million on sports programming, $85.5 million on drama and $21.7 million on musical and variety shows.
Pay and specialty services spending on Canadian programming totalled $1.12 billion, including $179.6 million on news programs, $258.4 million on documentaries and other information programs, $353.2 million on sports programming, $143.6 million on drama, and $42.4 million on musical and variety shows.
In 2010, these sectors of the broadcasting industry employed 11,761 people and paid a total of $925.3 million in salaries. Private conventional television experienced a workforce decrease of 6.3% in 2010, while the pay and specialty services workforce remained relatively stable. Read the rest of this entry »
posted in Business News, Government, National News, Research Studies By: Tami | 










