Hustler TV (formerly TEN Channel 1/Hustler Channel)

Pay & Specialty – Financial Summary 2010-2014

Table of Contents

Undertaking # Service Name Licensee Licensee Ultimate Owner Type Year
305424723 Hustler TV (formerly TEN Channel 1/Hustler Channel) TEN Broadcasting Inc. Duncan, Stuart Specialty (category B service) 2014

Revenue ($)
2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR (%)
Residential/bulk/smatv subscriber revenue
DTH revenue
Local advertising revenue
National advertising revenue
Other revenue
Total Revenue 2,156,474 1,877,611 -12.93 1,634,376 -12.95 1,384,344 -15.30 1,138,790 -17.74 -14.8

Expenses ($)
2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR (%)
Programming and Production 635,949 613,088 -3.59 588,238 -4.05 402,500 -31.58 349,497 -13.17 -13.9
Technical
Sales and Promotion
Administration and General
Total Expenses

Performance ($)
2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR (%)
Operating Income
Depreciation
P.B.I.T.
Interest Expense
Adjustments - Gain (Loss)
Pre-tax Profit

Canadian Programming Expenses ($)
2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR (%)
Acquisition of rights 8,233 5,981 -27.35 6,354 6.24 0 -100.00 0 n/a -100.0
Script & concept 110,016 113,845 3.48 157,604 38.44 88,896 -43.60 77,444 -12.88 -8.4
Filler Programming + Program Production 330,046 341,534 3.48 322,812 -5.48 266,687 -17.39 232,332 -12.88 -8.4
Investment in Programming 122,900 106,461 -13.38 73,961 -30.53 28,879 -60.95 25,318 -12.33 -32.6
Total Canadian Programming 571,195 567,821 -0.59 560,731 -1.25 384,462 -31.44 335,094 -12.84 -12.5
Canadian Programming/Revenue (%) 26.49 30.24 34.31 27.77 29.43

Staff ($)
2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR (%)
Total Remuneration
Total Staff Count
Avg Remuneration

Subscribers
2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR (%)
Subscribers

Profitability (%)
2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR (%)
Operating Margin
P.B.I.T. Margin
Pre-tax Margin
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