Pay and specialty revenues climb 7.9% in 2011, says CRTC

OTTAWA-GATINEAU – Led by specialty TV, Canada’s pay, pay-per-view (PPV) and video-on-demand (VOD) television services generated $3.7 billion in revenues in 2011, a 7.9% jump over the previous year. According to CRTC data released Tuesday, the increase comes as a result of a 10.9% growth in advertising revenues totaling $1.2 billion, and a 7% increase in subscriber revenues that exceeded $2.4 billion. Expenses grew from $2.5 billion in 2010 to $2.7 billion in 2011. As a result, profits before interest and taxes (PBIT) improved to $930.5 million, with a PBIT margin of 24.9%, up from $873.9 million in 2010 when the PBIT margin...