2009-2013 Addendum to Statistical and Financial Summaries for Conventional Television and Pay and Specialty Services

Foreword

The following pages provide a combined analysis of revenue, operating expense and Profit before Interest and Tax (PBIT) for the broadcast years ended 31 August 2011, 2012 and 2013 for Conventional Private Television and Pay Television, Pay-per View, Video-on-Demand and Specialty Services.

This analysis is provided on a total system basis and individually for four of the large television owners, namely Bell Media Inc., Rogers Communications Ltd., Shaw Media Inc., and Québecor Média Inc.

The information for conventional television for each of these owners has been compiled from the aggregate annual returns published on the CRTC website.

The information for Pay Television, Pay-per View, Video-on-Demand and Specialty Services is an aggregation of the individual services operated by each of the owners.

National Results

Conventional Television
($) 2011 2012 2013
Revenue 2,153,062,648 2,038,125,813 1,944,297,312
Expenses 1,898,517,060 1,919,927,957 1,852,374,374
Operating Income 254,545,588 118,197,856 91,922,938
Depreciation 93,935,546 95,312,323 94,238,859
PBIT 160,610,042 22,885,533 -2,315,921
PBIT Margin 7.5% 1.1% -0.1%

 

Pay, Pay-per-view, Video-on-Demand and Specialty Services
($) 2011 2012 2013
Revenue 3,748,092,308 3,967,586,559 4,090,993,551
Expenses 2,713,208,084 2,934,356,590 2,920,561,256
Operating Income 1,034,884,224 1,033,229,969 1,170,432,295
Depreciation 103,517,201 120,021,059 87,268,987
PBIT 931,367,023 913,208,910 1,083,163,308
PBIT Margin 24.8% 23.0% 26.5%

 

Total
($) 2011 2012 2013
Revenue 5,901,154,956 6,005,712,372 6,035,290,863
Expenses 4,611,725,144 4,854,284,547 4,772,935,630
Operating Income 1,289,429,812 1,151,427,825 1,262,355,233
Depreciation 197,452,747 215,333,382 181,507,846
PBIT 1,091,977,065 936,094,443 1,080,847,387
PBIT Margin 18.5% 15.6% 17.9%

Bell Media

Conventional Television
($) 2011 2012 2013
Revenue 836,641,184 810,834,370 776,148,984
Expenses 734,588,996 769,093,685 721,267,629
Operating Income 102,052,188 41,740,685 54,881,355
Depreciation 44,164,608 56,786,020 51,581,425
PBIT 57,887,580 -15,045,335 3,299,930
PBIT Margin 6.9% -1.9% 0.4%

 

Pay, Pay-per-view, Video-on-Demand and Specialty Services
($) 2011 2012 2013
Revenue 992,818,428 1,114,357,439 1,640,490,445
Expenses 697,085,621 834,831,482 1,139,625,636
Operating Income 295,732,807 279,525,957 500,864,809
Depreciation 28,303,606 24,880,951 21,418,927
PBIT 267,429,201 254,645,006 479,445,882
PBIT Margin 26.9% 22.9% 29.2%

 

Total
($) 2011 2012 2013
Revenue 1,829,459,612 1,925,191,809 2,416,639,429
Expenses 1,431,674,617 1,603,925,167 1,860,893,265
Operating Income 397,784,995 321,266,642 555,746,164
Depreciation 72,468,214 81,666,971 73,000,352
PBIT 325,316,781 239,599,671 482,745,812
PBIT Margin 17.8% 12.4% 20.0%

Shaw Media

Conventional Television
($) 2011 2012 2013
Revenue 522,054,000 446,813,289 417,952,633
Expenses 461,363,000 421,134,330 421,032,724
Operating Income 60,691,000 25,678,959 -3,080,091
Depreciation 15,688,000 2,325,699 3,415,449
PBIT 45,003,000 23,353,260 -6,495,540
PBIT Margin 8.6% 5.2% -1.6%

 

Pay, Pay-per-view, Video-on-Demand and Specialty Services
($) 2011 2012 2013
Revenue 574,066,572 602,927,950 619,972,482
Expenses 352,640,090 329,395,073 332,588,365
Operating Income 221,426,482 273,532,877 287,384,117
Depreciation 13,671,014 16,583,892 16,987,072
PBIT 207,755,468 256,948,985 270,397,045
PBIT Margin 36.2% 42.6% 43.6%

 

Total
($) 2011 2012 2013
Revenue 1,096,120,572 1,049,741,239 1,037,925,115
Expenses 814,003,090 750,529,403 753,621,089
Operating Income 282,117,482 299,211,836 284,304,026
Depreciation 29,359,014 18,909,591 20,402,521
PBIT 252,758,468 280,302,245 263,901,505
PBIT Margin 23.1% 26.7% 25.4%

Québecor

Conventional Television
($) 2011 2012 2013
Revenue 260,163,000 256,569,000 249,111
Expenses 211,378,000 215,759,000 207,140
Operating Income 48,785,000 40,810,000 41,971
Depreciation 12,773,000 15,475,000 16,692
PBIT 36,012,000 25,335,000 25,279
PBIT Margin 13.8% 9.9% 10.1%

 

Pay, Pay-per-view, Video-on-Demand and Specialty Services
($) 2011 2012 2013
Revenue 119,588,967 142,273,092 157,641,849
Expenses 108,520,620 154,944,008 167,941,600
Operating Income 11,068,347 -12,670,916 -10,299,751
Depreciation 12,542,806 15,977,327 16,059,955
PBIT -1,474,459 -28,648,243 -26,359,706
PBIT Margin -1.2% -20.1% -16.7%

 

Total
($) 2011 2012 2013
Revenue 379,751,967 398,842,092 157,890,960
Expenses 319,898,620 370,703,008 168,148,740
Operating Income 59,853,347 28,139,084 -10,257,780
Depreciation 25,315,806 31,452,327 16,076,647
PBIT 34,537,541 -3,313,243 -26,334,427
PBIT Margin 9.1% -0.8% -16.7%

Rogers

Conventional Television
($) 2011 2012 2013
Revenue 298,458,275 290,696,101 273,283,094
Expenses 284,702,430 318,453,234 307,936,793
Operating Income 13,755,845 -27,757,133 -34,653,699
Depreciation 13,958,827 12,833,625 14,644,973
PBIT -202,982 -40,590,758 -49,298,672
PBIT Margin -0.1% -14.0% -18.0%

 

Pay, Pay-per-view, Video-on-Demand and Specialty Services
($) 2011 2012 2013
Revenue 401,395,424 436,637,601 504,081,731
Expenses 326,118,434 351,564,909 389,035,749
Operating Income 75,276,990 85,072,692 115,045,982
Depreciation 23,997,243 29,234,595 31,307,450
PBIT 51,279,747 55,838,097 83,738,532
PBIT Margin 12.8% 12.8% 16.6%

 

Total
($) 2011 2012 2013
Revenue 699,853,699 727,333,702 777,364,825
Expenses 610,820,864 670,018,143 696,972,542
Operating Income 89,032,835 57,315,559 80,392,283
Depreciation 37,956,070 42,068,220 45,952,423
PBIT 51,076,765 15,247,339 34,439,860
PBIT Margin 7.3% 2.1% 4.4%

 

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