The Comedy Network

Individual Discretionary and On-Demand Services - Statistical and Financial Summaries 2012-2016

Table of Contents

Undertaking # Service Name Licensee Licensee Ultimate Owner Type Year
305417215 The Comedy Network Bell Media Inc. BCE Inc.                                                    Specialty (category A service) 2016
Revenue ($)
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Residential/bulk/smatv subscriber revenue 19,653,390 18,952,684 -3.57 20,018,569 5.62 18,471,997 -7.73 18,402,913 -0.37 -1.6
DTH subscriber revenue 6,756,722 7,065,673 4.57 7,158,900 1.32 7,016,484 -1.99 6,547,202 -6.69 -0.8
Local advertising revenue 0 0 n/a 0 n/a 0 n/a 0 n/a n/a
National advertising revenue 29,186,880 34,758,191 19.09 30,948,404 -10.96 31,080,187 0.43 29,588,668 -4.80 0.3
Other revenue 258,956 27,192 -89.50 505,280 >999± 25,462 -94.96 23,573 -7.42 -45.1
Total Revenue 55,855,948 60,803,740 8.86 58,631,153 -3.57 56,594,130 -3.47 54,562,356 -3.59 -0.6
Expenses ($)
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Programming and Production 21,106,057 21,005,603 -0.48 20,846,851 -0.76 17,644,927 -15.36 15,587,899 -11.66 -7.3
Technical 1,149,459 1,449,745 26.12 1,484,751 2.41 1,470,412 -0.97 1,328,762 -9.63 3.7
Sales and Promotion 2,719,011 3,325,335 22.30 3,007,857 -9.55 2,665,954 -11.37 2,863,240 7.40 1.3
Administration and General 3,344,219 2,917,405 -12.76 3,370,906 15.54 3,903,503 15.80 2,343,762 -39.96 -8.5
Total Expenses 28,318,746 28,698,088 1.34 28,710,365 0.04 25,684,796 -10.54 22,123,663 -13.86 -6.0
Performance ($)
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Operating Income 27,537,202 32,105,652 - 29,920,788 - 30,909,334 - 32,438,693 - -
Depreciation 1,044,382 835,529 -20.00 835,813 0.03 899,256 7.59 943,347 4.90 -2.5
P.B.I.T. 26,492,820 31,270,123 - 29,084,975 - 30,010,078 - 31,495,346 - -
Interest Expense 19 81 326.32 32 -60.49 0 -100.00 0 n/a -
Adjustments - Gain (Loss) 0 4,073 n/a -1,059,708 >999± -3,062,000 188.95 -2,471,000 -19.30 -
Pre-tax Profit 26,492,801 31,274,115 - 28,025,235 - 26,948,078 - 29,024,346 - -
Canadian Programming Expenses ($)
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Acquisition of rights 7,960,905 10,492,022 31.79 10,113,913 -3.60 5,476,810 -45.85 4,411,844 -19.45 -13.7
Script & concept 200,001 200,000 0.00 76,543 -61.73 0 -100.00 0 n/a -100.0
Filler Programming + Program Production 2,353,462 0 -100.00 125,258 n/a 0 -100.00 0 n/a -100.0
Investment in Programming 0 0 n/a 0 n/a 0 n/a 0 n/a n/a
Total Canadian Programming 10,514,368 10,692,022 1.69 10,315,714 -3.52 5,476,810 -46.91 4,411,844 -19.45 -19.5
Canadian Programming/Revenue (%) 18.82 17.58 - 17.59 - 9.68 - 8.09 - -
Staff
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Total Remuneration ($) 375,694 462,069 22.99 157,920 -65.82 0 -100.00 0 n/a -100.0
Total Staff Count 4 6 50.00 2 -66.67 0 -100.00 0 n/a -
Average Remuneration ($) 93,924 77,012 -18.01 78,960 2.53 n/a n/a n/a n/a n/a
Subscribers
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
5,947,278 5,849,682 -1.64 5,692,195 -2.69 5,417,975 -4.82 5,310,783 -1.98 -2.8
Profitability (%)
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Operating Margin 49.3 52.8 - 51.0 - 54.6 - 59.5 - -
P.B.I.T. Margin 47.4 51.4 - 49.6 - 53.0 - 57.7 - -
Pre-tax Margin 47.4 51.4 - 47.8 - 47.6 - 53.2 - -

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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