Specialty, pay services lead TV industry profitability in 2009: StatCan data

OTTAWA – Canada’s television broadcasting sector reported its lowest year-over-year increase in 12 years in 2009, according to data from Statistics Canada.The figures, released Monday, showed that 2009 industry-wide operating revenues totaled $6.5 billion, an increase of 0.6% from 2008. However, the financial picture varies widely across the various segments of the industry. Revenues of public and private conventional television broadcasters fell 3.9% from 2008 to $3.4 billion in 2009, the steepest decline in 10 years. Compared with 2008, the operating revenues of this segment dropped 7.7% last year, the largest annual decrease in more than 30 years. Public and...