Oz commercial TV licensees doing well

World Brief

Australia’s 48 commercial TV licensees posted a record A$3.45 billion ($2.6 billion) in revenues in the 2002-2003 year, a gain of 6.7% on the prior year, according to stats released Tuesday by the Australian Broadcasting Authority.

The three major webs and their affils generated $2.5 billion, with Nine commanding $1.1 billion (43.7%), Seven clocking $763 million (30.1%) and Ten gathering $663 million (26.2%).

The ABA said the 48 licensees achieved aggregate profits of $380 million, 23.3% more than in 2001-02.

The 251 commercial radio licensees racked up $580 million in revenues (up 6%) and collective profits of $79.6 million (down 2.1%).

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