CTV News Channel (formerly CTV Newsnet)

Pay & Specialty – Financial Summary 2010-2014

Table of Contents

Undertaking # Service Name Licensee Licensee Ultimate Owner Type Year
305417223 CTV News Channel (formerly CTV Newsnet) Bell Media Inc. BCE Inc. Specialty (category C service) 2014

Revenue ($)
2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR (%)
Residential/bulk/smatv subscriber revenue 10,975,924 10,832,743 -1.30 11,450,037 5.70 11,465,775 0.14 12,385,197 8.02 3.1
DTH revenue 3,810,555 3,894,940 2.21 4,073,907 4.59 4,016,268 -1.41 3,995,805 -0.51 1.2
Local advertising revenue 0 0 n/a 0 n/a 0 n/a 0 n/a n/a
National advertising revenue 9,092,033 8,984,818 -1.18 10,334,145 15.02 10,560,629 2.19 10,206,159 -3.36 2.9
Other revenue 0 0 n/a 0 n/a 0 n/a 0 n/a
Total Revenue 23,878,512 23,712,501 -0.70 25,858,089 9.05 26,042,672 0.71 26,587,161 2.09 2.7

Expenses ($)
2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR (%)
Programming and Production 13,095,635 13,868,190 5.90 15,909,205 14.72 16,610,448 4.41 14,029,654 -15.54 1.7
Technical 1,355,010 1,467,771 8.32 1,420,841 -3.20 1,286,508 -9.45 1,150,847 -10.54 -4.0
Sales and Promotion 1,111,964 923,592 -16.94 904,077 -2.11 880,348 -2.62 973,206 10.55 -3.3
Administration and General 1,124,310 1,479,756 31.61 1,249,446 -15.56 1,394,397 11.60 1,503,275 7.81 7.5
Total Expenses 16,686,919 17,739,309 6.31 19,483,569 9.83 20,171,701 3.53 17,656,982 -12.47 1.4

Performance ($)
2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR (%)
Operating Income 7,191,593 5,973,192 6,374,520 5,870,971 8,930,179
Depreciation 0 327,826 n/a 466,551 42.32 357,784 -23.31 379,065 5.95 n/a
P.B.I.T. 7,191,593 5,645,366 5,907,969 5,513,187 8,551,114
Interest Expense 0 0 n/a 550 n/a 2,548 363.27 1,137 -55.38
Adjustments - Gain (Loss) -800,000 93,500 -111.69 0 -100.00 0 n/a -573,911 n/a
Pre-tax Profit 6,391,593 5,738,866 5,907,419 5,510,639 7,976,066

Canadian Programming Expenses ($)
2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR (%)
Acquisition of rights 0 0 n/a 0 n/a 0 n/a 0 n/a n/a
Script & concept 0 0 n/a 0 n/a 0 n/a 0 n/a n/a
Filler Programming + Program Production 11,886,591 12,827,845 7.92 14,965,933 16.67 16,610,448 10.99 14,029,654 -15.54 4.2
Investment in Programming 0 0 n/a 0 n/a 0 n/a 0 n/a n/a
Total Canadian Programming 11,886,591 12,827,845 7.92 14,965,933 16.67 16,610,448 10.99 14,029,654 -15.54 4.2
Canadian Programming/Revenue (%) 49.78 54.10 57.88 63.78 52.77

Staff ($)
2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR (%)
Total Remuneration 8,475,303 8,841,154 4.32 10,797,173 22.12 10,940,118 1.32 9,369,678 -14.35 2.5
Total Staff Count 71.07 70 -1.51 81 15.71 89 9.88 82 -7.87
Avg Remuneration 119,253 126,302 5.91 133,298 5.54 122,923 -7.78 114,264 -7.04 -1.1

Subscribers
2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR (%)
Subscribers 8,666,846 8,612,204 -0.63 8,694,480 0.96 8,440,427 -2.92 8,218,462 -2.63 -1.3

Profitability (%)
2010 2011 Var % 2012 Var % 2013 Var % 2014 Var % CAGR (%)
Operating Margin 30.1 25.2 24.7 22.5 33.6
P.B.I.T. Margin 30.1 23.8 22.8 21.2 32.2
Pre-tax Margin 26.8 24.2 22.8 21.2 30.0
Date modified: