Pay and Specialty - World Fishing Network (WFN-TV)

Individual Pay, Pay-per-view, Video-on-demand and Specialty Services - Financial Summary 2011-2015

Table of Contents

Undertaking # Service Name Licensee Licensee Ultimate Owner Type Year
535420393 World Fishing Network (WFN-TV) World Fishing Network ULC Insight Sports Ltd. Specialty (category B service) 2015

Revenue ($)
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Residential/bulk/SMATV subscriber revenue
DTH revenue
Local advertising revenue
National advertising revenue
Other revenue
Total Revenue 1,802,168 1,943,368 7.84 1,993,441 2.58 2,293,249 15.04 2,172,450 -5.27 4.8

Expenses ($)
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Programming and Production 126,103 734,855 482.74 571,371 -22.25 744,636 30.32 782,731 5.12 57.8
Technical
Sales and Promotion
Administration and General
Total Expenses

Performance ($)
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Operating Income
Depreciation
P.B.I.T.
Interest Expense
Adjustments - Gain (Loss)
Pre-tax Profit

Canadian Programming Expenses ($)
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Acquisition of rights 31,158 150,731 383.76 302,140 100.45 449,080 48.63 422,320 -5.96 91.9
Script & concept 0 0 0 0 0
Filler Programming + Program Production 62,547 91,490 46.27 88,467 -3.30 0 -100.00 0 -100.0
Investment in Programming 0 0 0 0 0
Total Canadian Programming 93,705 242,221 158.49 390,607 61.26 449,080 14.97 422,320 -5.96 45.7
Canadian Programming/Revenue (%) 5.20 12.46 19.59 19.58 19.44

Staff
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Total Remuneration ($)
Average Staff Count
Avg Remuneration ($)

Subscribers
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Subscribers

Profitability (%)
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Operating Margin
P.B.I.T. Margin
Pre-tax Margin

CAGR = Compound Annual Growth Rate

DTH = Direct-to-Home

SMATV = Satellite Master Atenna Television

P.B.I.T. = Profit Before Interest and Tax

Var = Variation

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