Newspaper article The Canadian Press

Canada's TV Broadcasters See Revenue Shrink; CBC Hit by Loss of NHL Rights

Newspaper article The Canadian Press

Canada's TV Broadcasters See Revenue Shrink; CBC Hit by Loss of NHL Rights

Article excerpt

Canada's TV broadcasters see revenue shrink

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OTTAWA - Canada's private-sector television broadcasters saw their industry's revenue shrink by $46.6 million and pre-tax losses increase slightly between 2014 and 2015, according to an annual report by their federal regulator.

The CRTC says 93 private-sector TV stations generated $1.76 billion of revenue in the 12 months ended Aug. 31, 2015 -- down 2.6 per cent from the previous broadcast year.

The bulk of the industry's revenue came from national advertising sales, which generated about $1.2 billion -- unchanged from the previous year.

Local advertising fell one per cent to $330.1 million from $333.6 million in the 2014 financial year.

Despite the reduction in revenue, the CRTC says private-sector TV broadcasters increased investment in Canadian programming to $652. …

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