2013 financial results for Canadian conventional television stations
Each year, the CRTC compiles financial data on Canadian broadcasting and telecommunications sectors to produce a series of reports. The data drawn from the annual returns of conventional television stations are compiled in the financial summaries issued for these services.
These financial summaries 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 4.6% from $2.04 billion in 2012 to $1.94 billion in 2013. Expenses went from $1.92 billion in 2012 to $1.85 billion in 2013, a decrease of 3.5%. Profits before interest and taxes (PBIT) declined from $22.9 million to -$2.3 million, and the PBIT margin decreased from 1.1% to -0.1%.
- Investments by private local television stations in Canadian-made programs decreased by 8.5% from $661.8 million in 2012 to $605.4 million in 2013. However, investments in sports-related programs were higher in 2012 due to coverage of the London Summer Olympic Games. If sports-related programs are excluded, investments in other programs made by Canadians rose by 1% from $593.3 million in 2012 to $598.9 million in 2013.
- Private local television stations invested $66 million for drama series, $73 million for human interest programs, $355.3 million for news programs, $7.9 million for long-form documentaries, $31.1 million for other information programs, $24.5 million for music and variety shows, $6.5 million for sports programming and $19.4 million for game shows.
- As part of these investments, local television stations paid $139 million to Canadian independent producers.
- Revenues from the sale of local advertising declined from $355 million in 2012 to $351 million in 2013, a 1% decrease. Private local television stations also experienced a 5% decline in national advertising revenues from $1.35 billion in 2012 to $1.28 billion in 2013.
- In 2013, the Canadian Broadcasting Corporation/Société Radio-Canada (CBC) reported advertising revenues of $331.1 million, which represented an 11% decrease from the $372.7 million generated the previous year.
- The CBC’s programming expenditures totaled $724.6 million, 97% of which was spent on Canadian programs.
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