Conventional networks' revenues drop 2.6% in 2015: CRTC

OTTAWA–GATINEAU – Despite a decrease in expenses, Canadian conventional television stations saw profits continue their downward slide in 2015, according to the CRTC’s latest statistical and financial report for this sector released Wednesday.According to Conventional Television – Statistical and Financial Summaries 2011-2015, profits before interest and taxes (PBIT) for private local TV stations declined from -$138.7 million to -$140.9 million, and the PBIT margin decreased from -7.7% to -8%.Revenues fell by 2.6% (or $46.6 million) from $1.8 billion in 2014 to $1.76 billion for the broadcast year ended August 31, 2015. While revenues from the sale of local advertising declined 1%...