Business News Network (BNN) (previously ROBTV)

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

Table of Contents

Undertaking # Service Name Licensee Licensee Ultimate Owner Type Year
305417273 Business News Network (BNN) (previously ROBTV) Bell Media Inc. BCE Inc.                                                    Specialty (category A service) 2016
Revenue ($)
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Residential/bulk/smatv subscriber revenue 16,661,282 17,183,494 3.13 18,417,079 7.18 17,662,472 -4.10 14,611,103 -17.28 -3.2
DTH subscriber revenue 6,554,553 6,664,079 1.67 6,545,970 -1.77 6,305,568 -3.67 5,760,982 -8.64 -3.2
Local advertising revenue 0 0 n/a 0 n/a 0 n/a 0 n/a n/a
National advertising revenue 8,715,548 7,900,441 -9.35 6,808,790 -13.82 5,567,665 -18.23 5,491,422 -1.37 -10.9
Other revenue 28,677 85,348 197.62 79,534 -6.81 149,527 88.00 97,647 -34.70 35.8
Total Revenue 31,960,060 31,833,362 -0.40 31,851,373 0.06 29,685,232 -6.80 25,961,154 -12.55 -5.1
Expenses ($)
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Programming and Production 13,140,705 13,125,202 -0.12 15,176,177 15.63 14,079,069 -7.23 14,708,342 4.47 2.9
Technical 1,059,541 1,015,320 -4.17 994,769 -2.02 841,126 -15.45 698,599 -16.94 -9.9
Sales and Promotion 1,123,761 817,649 -27.24 502,852 -38.50 553,819 10.14 396,296 -28.44 -22.9
Administration and General 1,965,839 2,000,616 1.77 2,082,619 4.10 2,241,916 7.65 1,217,030 -45.71 -11.3
Total Expenses 17,289,846 16,958,787 -1.91 18,756,417 10.60 17,715,930 -5.55 17,020,267 -3.93 -0.4
Performance ($)
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Operating Income 14,670,214 14,874,575 - 13,094,956 - 11,969,302 - 8,940,887 - -
Depreciation 1,092,885 865,833 -20.78 859,168 -0.77 814,786 -5.17 727,344 -10.73 -9.7
P.B.I.T. 13,577,329 14,008,742 - 12,235,788 - 11,154,516 - 8,213,543 - -
Interest Expense 0 12 n/a 10,314 >999± 9,607 -6.85 0 -100.00 -
Adjustments - Gain (Loss) 0 0 n/a 0 n/a -45,285 n/a 0 -100.00 -
Pre-tax Profit 13,577,329 14,008,730 - 12,225,474 - 11,099,624 - 8,213,543 - -
Canadian Programming Expenses ($)
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Acquisition of rights 0 0 n/a 0 n/a 0 n/a 427,102 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 13,088,258 12,915,452 -1.32 14,969,217 15.90 13,926,592 -6.97 14,141,411 1.54 2.0
Investment in Programming 0 0 n/a 0 n/a 0 n/a 0 n/a n/a
Total Canadian Programming 13,088,258 12,915,452 -1.32 14,969,217 15.90 13,926,592 -6.97 14,568,513 4.61 2.7
Canadian Programming/Revenue (%) 40.95 40.57 - 47.00 - 46.91 - 56.12 - -
Staff
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Total Remuneration ($) 7,005,326 6,631,082 -5.34 7,652,238 15.40 5,604,217 -26.76 5,411,178 -3.44 -6.3
Total Staff Count 84 77 -8.33 84 9.09 61 -27.38 57 -6.56 -
Average Remuneration ($) 83,397 86,118 3.26 91,098 5.78 91,872 0.85 94,933 3.33 3.3
Subscribers
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
6,454,946 6,358,008 -1.50 6,205,366 -2.40 5,996,824 -3.36 5,364,437 -10.55 -4.5
Profitability (%)
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Operating Margin 45.9 46.7 - 41.1 - 40.3 - 34.4 - -
P.B.I.T. Margin 42.5 44.0 - 38.4 - 37.6 - 31.6 - -
Pre-tax Margin 42.5 44.0 - 38.4 - 37.4 - 31.6 - -

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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