Broadcasting Financial Summaries 2016 Highlights

Overall Broadcasting Sector

Figure 1: Broadcasting Revenues ($B) by Service Type

Figure 1: Broadcasting Revenues by Service Type
Long description

This figure is a stacked column chart diagram and shows the total revenues for each service type in billions of dollars from 2012 to 2016.

The service types presented are BDU, Discretionary and On-Demand, Private Conventional Television, CBC Conventional Television, Commercial Radio and CBC Radio.

In 2012, total broadcasting revenues were $17.9 billion, with $8.6 billion generated from BDU services, $4.0 billion generated from Discretionary and On-Demand services, $2.0 billion generated from Private Conventional Television services, $1.4 billion generated from CBC Conventional Television services, $1.6 billion generated from Commercial Radio services and $0.3 billion generated from CBC Radio services.

In 2013, total broadcasting revenues were $18.0 billion, with $8.8 billion generated from BDU services, $4.1 billion generated from Discretionary and On-Demand services, $1.9 billion generated from Private Conventional Television services, $1.2 billion generated from CBC Conventional Television services, $1.6 billion generated from Commercial Radio services and $0.3 billion generated from CBC Radio services.

In 2014, total broadcasting revenues were $18.2 billion, with $8.9 billion generated from BDU services, $4.2 billion generated from Discretionary and On-Demand services, $1.8 billion generated from Private Conventional Television services, $1.3 billion generated from CBC Conventional Television services, $1.6 billion generated from Commercial Radio services and $0.3 billion generated from CBC Radio services.

In 2015, total broadcasting revenues were $18.0 billion, with $8.9 billion generated from BDU services, $4.3 billion generated from Discretionary and On-Demand services, $1.8 billion generated from Private Conventional Television services, $1.1 billion generated from CBC Conventional Television services, $1.6 billion generated from Commercial Radio services and $0.3 billion generated from CBC Radio services.

In 2016, total broadcasting revenues were $17.9 billion, with $8.7 billion generated from BDU services, $4.4 billion generated from Discretionary and On-Demand services, $1.7 billion generated from Private Conventional Television services, $1.2 billion generated from CBC Conventional Television services, $1.6 billion generated from Commercial Radio services and $0.3 billion generated from CBC Radio services.

Conventional Television

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Conventional television stations continue to feel the effects of weakening advertising sales. Stations are adjusting by reducing overall spending which is keeping operating margins around the 20% level.

Figure 2: Canadian Programming Expenditures for Canadian Private Conventional Television Stations ($633 M)

Figure 2: Canadian Programming Expenditures for Canadian Private Conventional Television Stations ($633 million)
Long description

This figure is composed of two pie charts and decomposes Canadian Programming Expenditures (CPE) by category.

Pie Chart 1: This chart decomposes CPE into the following principal categories:

  • Expenditure in News, Analysis and Interpretation programming was 382 million dollars
  • Expenditure in Other Information programming was 9 million dollars
  • Expenditure in Long Form Documentary programming was 8 million dollars
  • Expenditure in Music and Entertainment programming was 224 million dollars
  • Expenditure in Sports and Other programming was 10 million dollars

Pie Chart 2: This chart presents further detail regarding the Music and Entertainment CPE category, which totals 224 million dollars. It decomposes Music and Entertainment expenditures into the following principal categories:

  • Expenditure in Human Interest programming was 91 million dollars
  • Expenditure in Drama programming was 49 million dollars
  • Expenditure in Reality Television programming was 44 million dollars
  • Expenditure in Music/Variety programming was 13 million dollars
  • Expenditure in Award Show programming was 3 million dollars
  • Expenditure in other music and entertainment programming was 24 million dollars

Figure 3: Canadian Programming Expenditures for CBC ($635 M)

Figure 3: Canadian Programming Expenditures for CBC Conventional Television Stations ($635 million)
Long description

This figure is composed of two pie charts and decomposes Canadian Programming Expenditures (CPE) by category.

Pie Chart 1: This chart decomposes CPE into the following principal categories:

  • Expenditure in News, Analysis and Interpretation programming was 205 million dollars
  • Expenditure in Other Information programming was 15 million dollars
  • Expenditure in Long Form Documentary programming was 34 million dollars
  • Expenditure in Music and Entertainment programming was 263 million dollars
  • Expenditure in Sports and Other programming was 118 million dollars

Pie Chart 2: This chart presents further detail regarding the Music and Entertainment CPE category, which totals 263 million dollars. It decomposes Music and Entertainment expenditures into the following principal categories:

  • Expenditure in Human Interest programming was 52 million dollars
  • Expenditure in Drama programming was 147 million dollars
  • Expenditure in Music/Variety programming was 25 million dollars
  • Expenditure in Award Show programming was 8 million dollars
  • Expenditure in other music and entertainment programming was 31 million dollars

Discretionary and On-demand Services

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Discretionary and On-demand services reported slight increases in overall revenues. Ongoing growth and profitability for these services are due to their dual stream of advertising and subscription revenues.

Figure 4: Number of Discretionary and On-Demand Services and Corresponding Revenues

Figure 4: Number of Discretionary and On-Demand Services and Corresponding Revenues
Long description

This figure features two pie charts showing the revenues generated by each service language according to the number of services operated, in millions of dollars and percentage.

The 161 English and Bilingual services composed a 52.5% share of the services and generated 80.6% of revenues (3,561 million dollars).

The 32 French-language services composed a 10.4% share of the services and generated 17.6% of revenues (777 million dollars).

The 114 Ethnic-language services composed a 37.1% share of the services and generated 1.8% of revenues (78 million dollars).

Figure 5: Canadian Programming Expenditures for Specialty Services ($1.6 B)

Figure 5: Canadian Programming Expenditures for Specialty services ($1.6 billion)
Long description

This figure is composed of two pie charts and decomposes Canadian Programming Expenditures (CPE) by category.

Pie Chart 1: This chart decomposes CPE into the following principal categories:

  • Expenditure in News, Analysis and Interpretation programming was 268 million dollars
  • Expenditure in Other Information programming was 101 million dollars
  • Expenditure in Long Form Documentary programming was 92 million dollars
  • Expenditure in Music and Entertainment programming was 306 million dollars
  • Expenditure in Sports programming was 821 million dollars
  • Expenditure in Other programming was 20 million dollars

Pie Chart 2: This chart presents further detail regarding the Music and Entertainment CPE category, which totals 306 million dollars. It decomposes Music and Entertainment expenditures into the following principal categories:

  • Expenditure in Human Interest programming was 55 million dollars
  • Expenditure in Drama programming was 104 million dollars
  • Expenditure in Music/Variety programming was 21 million dollars
  • Expenditure in Reality Television was 62 million dollars
  • Expenditure in Award Show programming was 7 million dollars
  • Expenditure in other music and entertainment programming was 57 million dollars

Figure 6: PBIT Margins (%) of Discretionary and On-Demand Services by Service Type

Figure 6: PBIT Margins of Discretionary and On-Demand by Service Type
Long description

This figure is a line chart tracking profitability margins by service type (specialty, pay and on-demand) over time.

Specialty services had a PBIT margin of 26.2% in 2012, 29.8% in 2013, 26.8% in 2014, 25.3% in 2015 and 25.1% in 2016.

Pay services had a PBIT margin of 22.2% in 2012, 22.3% in 2013, 25.4% in 2014, 15.0% in 2015 and 4.0% in 2016.

On-demand services had a PBIT margin of -2.2% in 2012, 0.5% in 2013, -2.8% in 2014, -9.2% in 2015 and -5.4% in 2016.

Television Service Providers (Broadcasting Distribution Undertakings)

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Television service providers (BDUs) continue their downward trend with drops in revenues and subscribers. IPTV (Internet Protocol Television) gains across the country are helping offset losses reported by cable and DTH (Direct-to-Home).

Figure 7: BDU Revenues ($B) by Service Type

Figure 7: BDU Revenues by Service Type
Long description

This figure is a stacked column chart diagram and shows the total revenues for each service type in billions of dollars from 2012 to 2016. The service types presented are Cable, IPTV and Satellite.

In 2012, total BDU revenues were 8.6 billion dollars with 5.5 billion dollars generated from cable services, 0.6 billion generated from IPTV services and 2.5 billion dollars generated from satellite services.

In 2013, total BDU revenues were 8.8 billion dollars with 5.4 billion dollars generated from cable services, 0.9 billion generated from IPTV services and 2.5 billion dollars generated from satellite services.

In 2014, total BDU revenues were 8.9 billion dollars with 5.2 billion dollars generated from cable services, 1.3 billion generated from IPTV services and 2.4 billion dollars generated from satellite services.

In 2015, total BDU revenues were 8.9 billion dollars with 5.0 billion dollars generated from cable services, 1.6 billion generated from IPTV services and 2.3 billion dollars generated from satellite services.

In 2016, total BDU revenues were 8.7 billion dollars with 4.8 billion dollars generated from cable services, 1.8 billion generated from IPTV services and 2.1 billion dollars generated from satellite services.

Figure 8: Operating Margins (%) by Service Type

Figure 8: Operating Margins by Service Type
Long description

This figure is a line chart tracking operating margins by service type (cable, IPTV and satellite) over time.

Cable services had an operating margin of 27.1% in 2012, 28.4% in 2013, 24.6% in 2014, 24.7% in 2015 and 21.9% in 2016.

IPTV services had an operating margin of -43.0% in 2012, -29.3% in 2013, -19.8% in 2014, -19.5% in 2015 and -17.9% in 2016.

Satellite services had an operating margin of 30.1% in 2012, 33.4% in 2013, 32.0% in 2014, 27.7% in 2015 and 31.2% in 2016.

Radio

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Commercial radio stations have posted negative growth for the third consecutive year. This trend is more pronounced for local advertising sales. Some regions have cited economic slowdowns as a contributor to lower advertising revenues. English-language stations reported revenue losses while French-language stations reported a moderate increase in revenues.

Figure 9: Commercial Radio Advertising Revenues ($M) and PBIT (%)

Figure 9: Commercial Radio Advertising Revenues and PBIT
Long description

This figure features a combined column and line chart for the 5-year period from 2012 to 2016.

The column chart shows revenues in millions of dollars divided into local advertising, national advertising and other revenues.

Local advertising was 1,131 million dollars in 2012, 1,123 million dollars in 2013, 1,091 million dollars in 2014, 1,067 million dollars in 2015 and 1,010 million in 2016.

National advertising was 454 million dollars in 2012, 476 million dollars in 2013, 497 million dollars in 2014, 509 million dollars in 2015 and 515 million dollars in 2016.

Other revenues were 33 million dollars in 2012, 23 million dollars in 2013, 25 million dollars in 2014, 27 million dollars in 2015 and 27 million dollars in 2016.

The line chart plots overall PBIT margin in percent. PBIT margin was 19.8% in 2012, 20.2% in 2013, 18.5% in 2014, 18.9% in 2015 and 18.6% in 2016.

Figure 10: Percentage Change in Total Revenues by Region (2013-2016)

Figure 10: Percentage Change in Total Revenues by Region (2013-2016)
Long description

This figure presents a line chart showing the percentage year over year difference of commercial radio revenues for the years 2013 to 2016 by region.

The percentage difference in the Atlantic region was -1.54% in 2013, -0.36% in 2014, -1.42% in 2015 and -0.69% in 2016.

The percentage difference in Quebec was -0.21% in 2013, 2.05% in 2014, -2.03% in 2015 and 1.33% in 2016.

The percentage difference in Ontario was -1.45% in 2013, -0.49% in 2014, -0.49% in 2015 and -0.47% in 2016.

The percentage difference in the Prairies was 3.01% in 2013, -0.82% in 2014, 0.24% in 2015 and -9.83% in 2016.

The percentage difference in BC and the territories was 0.89% in 2013, -3.87% in 2014, -0.96% in 2015 and -4.09% in 2016.

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