CRTC releases cable, satellite TV financials
Combined cable operator revenue was up modestly, and satellite TV revenue fell 2% as overall sector pre-tax profits came to $2.6 billion.
It’s still good business to be a Canadian cable or satellite TV operator these days.
The CRTC, releasing 2012 sector financial results this week, reported pre-tax profits for both sectors came to $2.6 billion.
That represented a healthy profit margin of 22.2% on combined revenues for cable and satellite TV companies, up 4.2% to $14.1 billion in 2012.
While revenue growth for cable companies was up modestly to $11.6 billion, revenue for satellite TV companies fell 2% to $2.5 billion.
And the regulator reported the total number of cable TV and satellite TV subscribers rose by 1% from 11.4 million to 11.5 million in 2012.
The CRTC reporting season will see similar reports released in the coming weeks on specialty, pay and pay-per-view services, and conventional TV and radio stations.
From Playback Daily