Revs slip for Oz nets

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%).

Want to read more articles like this one? SUBSCRIBE TO VARIETY TODAY.
Post A Comment 0

Leave a Reply

No Comments

Comments are moderated. They may be edited for clarity and reprinting in whole or in part in Variety publications.

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

More Scene News from Variety

Loading