Broadcast sector remains profitable with exception of conventional TV, says CRTC

By Connie Thiessen The CRTC has released its annual snapshot of the broadcast sector for 2022-23, which overall remained profitable, with the exception of conventional television. For the 2023 broadcast year, ended Aug. 31, 2023, the commission’s report says Radio, Discretionary TV, and Broadcast Distribution Undertakings (BDUs) remained in the black, while Digital Media Broadcasting Undertakings (DMBU), like Spotify and Disney+, experienced ongoing revenue growth. Conventional television continued to operate at a loss. In total, broadcasting revenues decreased by 0.37 per cent from the 2022 to 2023 broadcast year. Commercial Radio reported a revenue decrease of .55 per cent, Conventional TV (-7.16 per cent), Discretionary TV (-6.31 per...