MTV (Canada) (formerly known as Talk TV)

Pay & Specialty – Financial Summary 2010-2014

Table of Contents

Undertaking # Service Name Licensee Licensee Ultimate Owner Type Year
305417372 MTV (Canada) (formerly known as Talk TV) Bell Media Inc. BCE Inc. Specialty (category A service) 2014

Revenue ($)
2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR (%)
Residential/bulk/smatv subscriber revenue 6,921,312 7,443,349 7.54 8,310,653 11.65 9,124,244 9.79 9,487,422 3.98 8.2
DTH revenue 1,885,677 1,924,323 2.05 1,901,432 -1.19 1,857,369 -2.32 1,761,810 -5.14 -1.7
Local advertising revenue 0 0 n/a 0 n/a 0 n/a 0 n/a n/a
National advertising revenue 14,850,003 16,208,370 9.15 13,653,578 -15.76 12,192,391 -10.70 8,903,176 -26.98 -12.0
Other revenue 583,978 560,862 -3.96 289,653 -48.36 1,053,215 263.61 615,863 -41.53
Total Revenue 24,240,970 26,136,904 7.82 24,155,316 -7.58 24,227,219 0.30 20,768,271 -14.28 -3.8

Expenses ($)
2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR (%)
Programming and Production 19,916,099 18,349,250 -7.87 20,963,978 14.25 18,751,536 -10.55 19,571,100 4.37 -0.4
Technical 425,456 441,380 3.74 600,601 36.07 841,691 40.14 921,168 9.44 21.3
Sales and Promotion 3,266,184 3,115,414 -4.62 1,906,031 -38.82 2,582,562 35.49 1,836,930 -28.87 -13.4
Administration and General 1,861,466 2,419,101 29.96 1,545,467 -36.11 1,668,454 7.96 1,568,609 -5.98 -4.2
Total Expenses 25,469,205 24,325,145 -4.49 25,016,077 2.84 23,844,243 -4.68 23,897,807 0.22 -1.6

Performance ($)
2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR (%)
Operating Income -1,228,235 1,811,759 -860,761 382,976 -3,129,536
Depreciation 1,336,351 1,656,508 23.96 1,696,937 2.44 1,741,095 2.60 1,591,357 -8.60 4.5
P.B.I.T. -2,564,586 155,251 -2,557,698 -1,358,119 -4,720,893
Interest Expense 1,524,727 522,702 -65.72 1,946,113 272.32 1,811,697 -6.91 1,550,836 -14.40
Adjustments - Gain (Loss) 6,510,758 1,200 -99.98 0 -100.00 -9,542 n/a -164,572 >999±
Pre-tax Profit 2,421,445 -366,251 -4,503,811 -3,179,358 -6,436,301

Canadian Programming Expenses ($)
2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR (%)
Acquisition of rights 432,673 544,705 25.89 101,147 -81.43 157,268 55.48 1,410,014 796.57 34.4
Script & concept 50,000 50,000 0.00 50,000 0.00 0 -100.00 0 n/a -100.0
Filler Programming + Program Production 10,265,299 10,527,746 2.56 13,393,213 27.22 10,625,577 -20.66 8,897,941 -16.26 -3.5
Investment in Programming 0 0 n/a 0 n/a 0 n/a 0 n/a n/a
Total Canadian Programming 10,747,972 11,122,451 3.48 13,544,360 21.77 10,782,845 -20.39 10,307,955 -4.40 -1.0
Canadian Programming/Revenue (%) 44.34 42.55 56.07 44.51 49.63

Staff ($)
2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR (%)
Total Remuneration 5,464,094 4,734,543 -13.35 4,426,300 -6.51 5,254,518 18.71 3,705,127 -29.49 -9.3
Total Staff Count 69 60 -13.04 60 0.00 61 1.67 42.76 -29.90
Avg Remuneration 79,190 78,909 -0.35 73,772 -6.51 86,140 16.77 86,649 0.59 2.3

Subscribers
2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR (%)
Subscribers 6,708,287 6,744,628 0.54 6,501,481 -3.61 6,361,023 -2.16 6,073,352 -4.52 -2.5

Profitability (%)
2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR (%)
Operating Margin -5.1 6.9 -3.6 1.6 -15.1
P.B.I.T. Margin -10.6 0.6 -10.6 -5.6 -22.7
Pre-tax Margin 10.0 -1.4 -18.6 -13.1 -31.0
Date modified: