BDU losses pull down broadcasting revenues 1.2% in 2018: CRTC

OTTAWA - Total broadcasting revenues sank 1.2% from 2017 to 2018 as television distribution providers (BDUs) posted negative growth for the fourth consecutive year, according to the CRTC’s statistical and financial results for the industry.The Commission’s 2018 Broadcasting Financial Summaries Highlights reported that overall BDU revenues dropped by 2.0% ($168 million), falling from $8.58 billion in 2017 to $8.41 billion for the broadcast year ended August 31, 2018. IPTV revenues grew by 4.5% in 2018 to surpass the $2 billion mark, albeit at a slower rate than previous years. Satellite (DTH) service providers reported total revenues of $1.9 billion, down...