Specialty TV earned bulk of revenues for 2008, CRTC reports

OTTAWA and GATINEAU – The Canadian specialty, pay, pay-per-view television and video-on-demand (VOD) services sector saw its total yearly revenues grow 7.6% to $2.9 billion, up from $2.7 billion in the previous year, the CRTC reported. The Commission released its annual report on the statistical and financial summaries from the specialty, pay and VOD industry Thursday, saying the sector “enjoyed a solid financial performance” for the broadcast year ending August 31, 2008. While profits before interest and taxes (PBIT) rose by 5.9% to $686.1 million, the PBIT margin "remained consistent", going from 23.7% in 2007 to 23.4% in 2008, the report continued....