Cable / Telecom News

BDU revenues flat at $8.9B, subscriber growth dips in 2015: CRTC

OTTAWA-GATINEAU – Canada’s television service providers saw their overall revenues dip 0.1% in 2015 amidst a continuing erosion of subscribers, according to the CRTC’s statistical and financial results for the industry released Tuesday.Broadcasting Distribution Undertakings – Statistical and Financial Summaries 2011-2015 said that combined revenues remained steady at $8.9 billion, while subscribers fell from 11.4 million in 2014 to 11.2 million for the year ended August 31, 2015.  Total expenses increased by 1.3% to $7.2 billion, and as a result, the sector's operating margin decreased to its lowest level in five years, but remained healthy at 19%.Despite these declines in...