CRTC reports 9.4%, 12.7% growth respectively
MONTREAL — Revenue for the cable and satellite industries in Canada rose 9.4% and 12.7%, respectively, last year, according to a study released Tuesday by Canuck regulator the Canadian Radio-Television and Telecommunications Commission.
Cable biz revs hit $3.7 billion in 2004, on par with the average growth annually of 9.6% between 2000 and 2004.
Profits before interests and taxes increased 44.9% last year to $894 million, up from $591 million a year earlier. The number of cable subscribers increased to 6.6 million from 6.5 million the previous year.
Revenue for satellite increased 12.7% in 2004 to $1.1 billion. In 2004, there were 2.3 million basic-tier subs, up 5.2% from 2.2 million in 2003.
In 2003, cable operators contributed $69 million to the production of local TV programming, while satellite companies contributed $54 million for a combined $123 million, up from $116 million the previous year, an increase of 6.4%.
In addition, cable operators paid $71 million toward the operation of their community TV channels.