From a media release:
The Canadian Radio-television and Telecommunications Commission (CRTC) today released statistical and financial information on Canadian local television stations for the broadcast year that endedÂ August 31, 2014.
In 2014, private stations investedÂ $619.3 millionÂ in the creation of programs made by Canadians, including local news and drama series, and employed over 5,900 people. The Canadian Broadcasting Corporation/SociÃ©tÃ© Radio-Canada (CBC/SRC) invested an additionalÂ $789.8 millionÂ in this type of content. In total, local television stations spent more thanÂ $1.4 billionÂ to fund the creation of new Canadian programs for viewers.
Canada’sÂ local television stations continued to operate within a challenging advertising market. Private stations brought inÂ $117.1 millionÂ less in advertising revenue, which contributed to a 7.2% decrease in overall revenues, fromÂ $1.94 billionÂ in 2013 toÂ $1.8 billionÂ in 2014.
For its part, CBC/SRC reportedÂ $474.6 millionÂ in advertising revenues in 2014, a 43% increase from theÂ $331.1 millionÂ generated in 2013. This increase is largely attributable to the broadcast of the Winter Olympic Games in Sochi, the FIFA Soccer World Cup inÂ Brazil, and an entire season of National Hockey League games.
Each year, the CRTC compiles financial data on Canadian broadcasting and telecommunications sectors to produce a series of reports. The CRTC will soon publish the financial results for cable and satellite companies, specialty, pay, pay-per-view and video-on-demand services, and AM and FM radio. Following the publication of these reports, the CRTC will issue its annualÂ Communications Monitoring Report.
These annual reports help interested parties to stay informed about the state of the Canadian communication industry and to participate in the CRTC’s public consultations.
- Private local television stations saw their revenues drop by 7.2%, fromÂ $1.94 billionÂ in 2013 toÂ $1.8 billionÂ in 2014. Expenses went fromÂ $1.85 billionÂ in 2013 toÂ $1.84 billionÂ in 2014, a slight decrease of 0.4%. Profits before interest and taxes (PBIT) declined from -$2.3 millionÂ to -$138.7 million, and the PBIT margin decreased from -0.1% to -7.7%.
- Investments by private local television stations in Canadian-made programs increased by 2.3%, fromÂ $605.4 millionÂ in 2013 toÂ $619.3 millionÂ in 2014.
- Private local television stations investedÂ $60.4 millionÂ for drama series,Â $5.3 millionÂ for feature films,Â $84.7 millionÂ for general interest programs,Â $361.1 millionÂ for news programs,Â $6.3 millionÂ for long-form documentaries,Â $29.3 millionÂ for other information programs,Â $22.3 millionÂ for music and variety shows,Â $1.1 millionÂ for sports programming,Â $19 millionÂ for game shows,Â $25.5 millionÂ for reality TV shows,Â $3.7 millionÂ for awards shows andÂ $0.5 millionÂ for other programs.
- As part of these investments, local television stations paidÂ $138.6 millionÂ to Canadian independent producers.
- Revenues from the sale of local advertising declined fromÂ $351.2 millionÂ in 2013 toÂ $333.6 millionÂ in 2014, a 5% decrease. Private local television stations also experienced a 7.8% decline in national advertising revenues, fromÂ $1.28 billionÂ in 2013 toÂ $1.18 billionÂ in 2014.
- In 2014, CBC/SRC reported advertising revenues ofÂ $474.6 million, which represented a 43.3% increase from theÂ $331.1 millionÂ generated the previous year.
- CBC/SRC’s programming expenditures totalledÂ $810.8 million, 97% of which was spent on Canadian programs.