Cable, DTH revenues up in 2007: CRTC

OTTAWA-GATINEAU – Canada’s TV distributors generated $8.95 billion in revenues in 2007, according to the CRTC’s statistical and financial summaries for Canadian broadcasting distribution companies released Wednesday. The cable companies accounted for $7.1 billion of the total, while direct-to-home satellite and wireless cablecos brought in $1.85 billion. Cable revenues were up 16.1% to $7.1 billion in 2007 from $6.1 billion a year earlier, according to the data. The number of basic cable subscribers increased 2.3% to 7.65 million from 7.48 million during that period. This sector’s profits before interest and taxes (PBIT) rose 10% to $1.5 billion in 2007 from...