SYDNEY — The Nine Network retains its place as the free-to-air web with the highest revenues in the annual “Broadcasting Financial Results” report released Tuesday by the Australian Communications & Media Authority.
The three free-to-air nets generated total revs of A$4 billion ($3 billion) for the 2004-05 year, with Nine accounting for $913.8 million (40.7%), Seven Network in second with $914 million (29.7%) and Ten Network following with $906.3 million (29.6%).
The nets increased their collective spending on programming by 15.7% to $883.3 million; of that, $619 million was spent on local skeins.
The local program total reps an increase of 20.5%, but Aussie drama, which has had a tough run of late with cancellations and false starts, has not benefited. Drama spending is off 1.4%, the same size drop as in the previous year.