CRTC releases financial stats for broadcasters

Excerpt from Broadcaster magazine story:
In 2015, there were 93 private conventional television stations in operation in Canada, which generated total revenues of $1.76 billion. These stations continued to operate in a challenging environment, with total revenues declining 2.6%, or $46.6 million, from 2014.
To meet the objectives of the Broadcasting Act, the CRTC requires most television broadcasters to spend a minimum percentage of their revenues on content made by Canadians. In 2015, private conventional television stations invested $652.8 million in Canadian programing, a 5.4% (or $33.5 million) increase from 2014.
Investments in Canadian programming have grown consistently over the last five years as conventional televisions stations spent 16% more in 2015 than in 2011. These investments accounted for 49.8% of total programming expenses in 2015, up from 43.6% in 2011. Of note, private conventional television stations spent $60.9 million less on foreign programming in 2015 compared to 2014, primarily due to a reduction in spending on drama.
The Canadian Broadcasting Corporation/Société Radio-Canada reported total revenues of $1.1 billion in 2015, down 16.6%, or $220.9 million, from the previous year. . .
Conventional television stations employed 10,995 people in 2015, with the CBC/SRC employing 5,205 people.
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