CityNews Channel (formerly City news (Toronto))

Pay & Specialty – Financial Summary 2010-2014

Table of Contents

Undertaking # Service Name Licensee Licensee Ultimate Owner Type Year
535427852 CityNews Channel (formerly City news (Toronto)) Rogers Broadcasting Limited Rogers Communications Inc. Specialty (category B service) 2014

Revenue ($)
2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR (%)
Residential/bulk/smatv subscriber revenue 304,716 645,518 111.84 0 -100.00 n/a
DTH revenue 0 0 n/a 0 n/a n/a
Local advertising revenue 0 0 n/a 0 n/a n/a
National advertising revenue 1,093,485 387,055 -64.60 0 -100.00 n/a
Other revenue 368 0 -100.00 0 n/a
Total Revenue 1,398,569 1,032,573 -26.17 0 -100.00 n/a

Expenses ($)
2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR (%)
Programming and Production 4,200,456 3,357,375 -20.07 0 -100.00 n/a
Technical 426,718 301,044 -29.45 0 -100.00 n/a
Sales and Promotion 353,502 238,465 -32.54 0 -100.00 n/a
Administration and General 344,887 647,672 87.79 0 -100.00 n/a
Total Expenses 5,325,563 4,544,556 -14.67 0 -100.00 n/a

Performance ($)
2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR (%)
Operating Income -3,926,994 -3,511,983 0
Depreciation 0 0 n/a 0 n/a n/a
P.B.I.T. -3,926,994 -3,511,983 0
Interest Expense 0 0 n/a 0 n/a
Adjustments - Gain (Loss) 0 0 n/a 0 n/a
Pre-tax Profit -3,926,994 -3,511,983 0

Canadian Programming Expenses ($)
2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR (%)
Acquisition of rights 0 0 n/a 0 n/a n/a
Script & concept 0 0 n/a 0 n/a n/a
Filler Programming + Program Production 4,200,456 3,357,375 -20.07 0 -100.00 n/a
Investment in Programming 0 0 n/a 0 n/a n/a
Total Canadian Programming 4,200,456 3,357,375 -20.07 0 -100.00 n/a
Canadian Programming/Revenue (%) 300.34 325.15 n/a

Staff ($)
2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR (%)
Total Remuneration 4,307,848 3,302,662 -23.33 0 -100.00 n/a
Total Staff Count 55 55 0.00 0 -100.00
Avg Remuneration 78,325 60,048 -23.33 n/a n/a n/a

Subscribers
2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR (%)
Subscribers 1,525,017 1,988,000 30.36 0 -100.00 n/a

Profitability (%)
2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR (%)
Operating Margin -280.8 -340.1 n/a
P.B.I.T. Margin -280.8 -340.1 n/a
Pre-tax Margin -280.8 -340.1 n/a
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