Pay and Specialty - CityNews Channel (formerly City news (Toronto))

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
535427852 CityNews Channel (formerly City news (Toronto)) Rogers Broadcasting Limited Rogers Communications Inc. Specialty (category B service) 2014

Revenue ($)
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Residential/bulk/SMATV subscriber revenue 304,716 645,518 111.84 0 -100.00
DTH revenue 0 0 0
Local advertising revenue 0 0 0
National advertising revenue 1,093,485 387,055 -64.60 0 -100.00
Other revenue 368 0 -100.00 0
Total Revenue 1,398,569 1,032,573 -26.17 0 -100.00

Expenses ($)
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Programming and Production 4,200,456 3,357,375 -20.07 0 -100.00
Technical 426,718 301,044 -29.45 0 -100.00
Sales and Promotion 353,502 238,465 -32.54 0 -100.00
Administration and General 344,887 647,672 87.79 0 -100.00
Total Expenses 5,325,563 4,544,556 -14.67 0 -100.00

Performance ($)
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Operating Income -3,926,994 -3,511,983 0
Depreciation 0 0 0
P.B.I.T. -3,926,994 -3,511,983 0
Interest Expense 0 0 0
Adjustments - Gain (Loss) 0 0 0
Pre-tax Profit -3,926,994 -3,511,983 0

Canadian Programming Expenses ($)
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Acquisition of rights 0 0 0
Script & concept 0 0 0
Filler Programming + Program Production 4,200,456 3,357,375 -20.07 0 -100.00
Investment in Programming 0 0 0
Total Canadian Programming 4,200,456 3,357,375 -20.07 0 -100.00
Canadian Programming/Revenue (%) 300.34 325.15

Staff
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Total Remuneration ($) 4,307,848 3,302,662 -23.33 0 -100.00
Average Staff Count 55 55 0.00 0 -100.00
Avg Remuneration ($) 78,325 60,048 -23.33

Subscribers
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Subscribers 1,525,017 1,988,000 30.36 0 -100.00

Profitability (%)
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Operating Margin -280.8 -340.1
P.B.I.T. Margin -280.8 -340.1
Pre-tax Margin -280.8 -340.1

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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