Broadcast distribution revenues top $10B in 2008

OTTAWA and GATINEAU – The Canadian broadcasting distribution sector recorded revenues in excess of $10 billion in 2008, the CRTC has tabulated. The Commission released its annual report summarizing the statistical and financial summaries for Canadian BDUs Thursday, noting that the revenues in this sector “have climbed steadily over the past five years”. Total revenues for cable companies rose 16.1% from $7.10 billion in 2007 to reach $8.24 billion in 2008, while the number of Canadian households that obtained basic-television service from a cable company totaled 7.9 million subscribers, an increase of 2.9% from the previous year. During the same...