Radio / Television News

Profits swell for Canadian cable channels


GATINEAU – The numbers mask the risks inherent in launching new TV services, but it seems the risks have paid off for a majority of Canadian cable channels. Canadian specialty, pay, and pay-per-view TV services have seen their earnings before interests and taxes grow by 19.4% in each year between 2001 and 2005, the CRTC announced today. In that same period, revenues rose an average of 10% per year. Things really picked up steam in 2005, when EBIT for the services swelled by 31.5%, going from $418.2 million in 2004 to $549.9 million in 2005. Revenues reached nearly $2.2 billion...