OTTAWA and GATINEAU, Feb. 10 /CNW Telbec/ - The Canadian Radio-television
and Telecommunications Commission (CRTC) today released statistical and
financial summaries for Canada's private conventional television stations. The
report provides information on the sector's profitability, revenues and
expenditures for the broadcast year ending on August 31, 2008. It also
contains historical data going back to 2004.
When compared with 2007, revenues for private conventional television
stations decreased by 1.5% last year while expenses increased by 4%. This
resulted in profits before interest and taxes (PBIT) of $8 million, a figure
well below the $112.9 million and $233.4 million reported in 2007 and 2004,
Revenues and expenses
In 2008, private broadcasters generated $2.1 billion in total revenue.
Coming in at $387.3 million, revenues from the sale of local advertising
remained almost at the same level as the previous year. National advertising
sales decreased from $1.52 billion to $1.47 billion in one year.
Operating expenses increased to $2.1 billion in 2008, with the
acquisition and production of programming representing 71.5% of all expenses.
Investments in Canadian programming remained essentially unchanged at $619.6
million, of which $146 million was paid to independent producers. However,
private broadcasters spent $775.2 million on foreign programming in 2008, up
7.4% from $721.9 million in 2007.
Spending on Canadian programming included $88.3 million for drama, $90.4
million for general interest programming, $323 million for news programs,
$67.2 million for other information programs, $24.7 million for musical and
variety shows, $7.5 million for sports programs, and $16.6 million for game
In 2008, private conventional television stations employed 7,402 people
and paid a total of $576.9 million in salaries. In comparison, this sector
employed 7,873 people and paid a total of $594.2 million in salaries in 2007.
Each year, the Commission compiles financial data on the broadcasting
industry to produce this report, which also includes data on the Canadian
Broadcasting Corporation. In the coming months, the CRTC will publish similar
reports on: broadcasting distribution; specialty, pay and pay-per-view
television and video-on-demand services; and radio. These reports allow
interested parties to stay informed of the Canada broadcasting industry's
Television - Statistical and Financial Summaries 2004-2008
The CRTC is an independent public authority that regulates and supervises
broadcasting and telecommunications in Canada.
For further information:
For further information: Media Relations: MediaRelations,
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(819) 994-0423, Fax: (819) 994-0218, Toll-free # 1-877-249-CRTC (2782), TDD -
Toll-free # 1-877-909-CRTC (2782); On-line services
documents are available in alternative format upon request.