Thursday, March 26, 2009

Canadian specialty and pay TV healthy with 2008 profit up 5.9 per cent: CRTC

Coventional television may be suffering but Canada's specialty and pay TV businesses are doing well, data from the CRTC shows.

Total revenue for specialty, pay, pay-per-view and video-on-demand services rose 7.6 per cent to $2.9 billion in the year ended last Aug. 31, and their profit before interest and taxes grew 5.9 per cent to $686.1 million, the federal regulator said Thursday.

The CRTC report noted that over the past five years the number of services in the sector has increased by almost half to 182, while revenues rose by over $850 million.

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