Commercial licensees made $1.9 bil, down 3.4%
SYDNEY– Australian TV network revenues and profits declined in the 2001-02 year, according to stats released Thursday by the Australian Broadcasting Authority.
The 48 commercial licensees generated $A3.2 billion ($1.9 billion) in revenue, down 3.4% vs. the prior year, and a combined profit of $246 million, a drop of 0.2%.
The Nine Network and its affils racked up sales of $837 million (a 44.1% share), the Seven Network and its affils posted $605 million (31.9%), and the Ten Network and its affils brought in $457 million (24%).
Ten’s revs shot up 12.4% over the prior year while Nine’s slipped 1.4% and Seven’s fell 14.9%.
Seven spent $172 million on Australian programming, including drama, news, sport and reality TV (17% less than the prior year), Nine laid out $173 million (11% higher) and Ten forked out $73 million (an increase of 41%).
Commercial radio broadcasters collected $438 million in revenue (a drop of 21.5%), yielding profits of $65 million (also off 21.5%).