CablePulse 24 (CP24)

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

Table of Contents

Undertaking # Service Name Licensee Licensee Ultimate Owner Type Year
305417348 CablePulse 24 (CP24) Bell Media Inc. BCE Inc.                                                    Specialty (category A service) 2016
Revenue ($)
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Residential/bulk/smatv subscriber revenue 1,876,748 1,988,128 5.93 2,784,352 40.05 2,878,332 3.38 3,366,948 16.98 15.7
DTH subscriber revenue 1,670,293 1,684,932 0.88 1,753,915 4.09 1,743,791 -0.58 2,382,586 36.63 9.3
Local advertising revenue 9,635,400 9,663,757 0.29 10,446,658 8.10 13,291,466 27.23 16,369,371 23.16 14.2
National advertising revenue 9,680,270 11,112,225 14.79 11,790,225 6.10 12,629,316 7.12 12,883,294 2.01 7.4
Other revenue 71,416 30,000 -57.99 883 -97.06 0 -100.00 0 n/a -100.0
Total Revenue 22,934,127 24,479,042 6.74 26,776,033 9.38 30,542,905 14.07 35,002,199 14.60 11.2
Expenses ($)
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Programming and Production 14,031,505 15,484,205 10.35 17,239,733 11.34 18,058,590 4.75 19,485,763 7.90 8.6
Technical 614,408 596,516 -2.91 627,368 5.17 616,205 -1.78 533,394 -13.44 -3.5
Sales and Promotion 1,635,169 1,793,207 9.66 1,527,796 -14.80 1,785,283 16.85 2,698,760 51.17 13.3
Administration and General 1,667,375 1,868,052 12.04 2,060,846 10.32 2,374,338 15.21 1,627,406 -31.46 -0.6
Total Expenses 17,948,457 19,741,980 9.99 21,455,743 8.68 22,834,416 6.43 24,345,323 6.62 7.9
Performance ($)
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Operating Income 4,985,670 4,737,062 - 5,320,290 - 7,708,489 - 10,656,876 - -
Depreciation 2,079,846 1,189,420 -42.81 1,093,857 -8.03 1,073,761 -1.84 1,300,207 21.09 -11.1
P.B.I.T. 2,905,824 3,547,642 - 4,226,433 - 6,634,728 - 9,356,669 - -
Interest Expense 0 1,665 n/a 749 -55.02 0 -100.00 18 n/a -
Adjustments - Gain (Loss) -1,555,167 -1,673,013 7.58 -1,714,558 2.48 -381,260 -77.76 0 -100.00 -
Pre-tax Profit 1,350,657 1,872,964 - 2,511,126 - 6,253,468 - 9,356,651 - -
Canadian Programming Expenses ($)
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Acquisition of rights 0 0 n/a 0 n/a 0 n/a 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 14,031,505 15,484,205 10.35 17,239,733 11.34 18,058,590 4.75 19,485,763 7.90 8.6
Investment in Programming 0 0 n/a 0 n/a 0 n/a 0 n/a n/a
Total Canadian Programming 14,031,505 15,484,205 10.35 17,239,733 11.34 18,058,590 4.75 19,485,763 7.90 8.6
Canadian Programming/Revenue (%) 61.18 63.25 - 64.38 - 59.13 - 55.67 - -
Staff
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Total Remuneration ($) 8,095,831 7,831,853 -3.26 7,898,476 0.85 8,203,622 3.86 7,761,112 -5.39 -1.1
Total Staff Count 94 87 -7.45 87 0.00 87 0.00 87 0.00 -
Average Remuneration ($) 86,126 90,021 4.52 90,787 0.85 94,295 3.86 89,208 -5.39 0.9
Subscribers
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
3,033,805 3,556,237 17.22 3,582,650 0.74 3,536,462 -1.29 3,459,964 -2.16 3.3
Profitability (%)
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Operating Margin 21.7 19.4 - 19.9 - 25.2 - 30.4 - -
P.B.I.T. Margin 12.7 14.5 - 15.8 - 21.7 - 26.7 - -
Pre-tax Margin 5.9 7.7 - 9.4 - 20.5 - 26.7 - -

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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