CTV News Channel (formerly CTV Newsnet)

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

Table of Contents

Undertaking # Service Name Licensee Licensee Ultimate Owner Type Year
305417223 CTV News Channel (formerly CTV Newsnet) Bell Media Inc. BCE Inc.                                                    Specialty (category C service) 2016
Revenue ($)
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Residential/bulk/smatv subscriber revenue 11,450,037 11,465,775 0.14 12,385,197 8.02 12,142,748 -1.96 12,374,652 1.91 2.0
DTH subscriber revenue 4,073,907 4,016,268 -1.41 3,995,805 -0.51 3,833,969 -4.05 3,794,240 -1.04 -1.8
Local advertising revenue 0 0 n/a 0 n/a 0 n/a 0 n/a n/a
National advertising revenue 10,334,145 10,560,629 2.19 10,206,159 -3.36 10,593,431 3.79 12,906,531 21.84 5.7
Other revenue 0 0 n/a 0 n/a 0 n/a 0 n/a n/a
Total Revenue 25,858,089 26,042,672 0.71 26,587,161 2.09 26,570,148 -0.06 29,075,423 9.43 3.0
Expenses ($)
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Programming and Production 15,909,205 16,610,448 4.41 14,029,654 -15.54 12,221,777 -12.89 8,342,153 -31.74 -14.9
Technical 1,420,841 1,286,508 -9.45 1,150,847 -10.54 1,085,351 -5.69 1,148,625 5.83 -5.2
Sales and Promotion 904,077 880,348 -2.62 973,206 10.55 921,731 -5.29 1,178,499 27.86 6.9
Administration and General 1,249,446 1,394,397 11.60 1,503,275 7.81 1,769,131 17.69 1,130,171 -36.12 -2.5
Total Expenses 19,483,569 20,171,701 3.53 17,656,982 -12.47 15,997,990 -9.40 11,799,448 -26.24 -11.8
Performance ($)
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Operating Income 6,374,520 5,870,971 - 8,930,179 - 10,572,158 - 17,275,975 - -
Depreciation 466,551 357,784 -23.31 379,065 5.95 422,217 11.38 502,912 19.11 1.9
P.B.I.T. 5,907,969 5,513,187 - 8,551,114 - 10,149,941 - 16,773,063 - -
Interest Expense 550 2,548 363.27 1,137 -55.38 0 -100.00 23 n/a -
Adjustments - Gain (Loss) 0 0 n/a -573,911 n/a -167,226 -70.86 0 -100.00 -
Pre-tax Profit 5,907,419 5,510,639 - 7,976,066 - 9,982,715 - 16,773,040 - -
Canadian Programming Expenses ($)
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 14,965,933 16,610,448 10.99 14,029,654 -15.54 12,221,777 -12.89 8,342,153 -31.74 -13.6
Investment in Programming 0 0 n/a 0 n/a 0 n/a 0 n/a n/a
Total Canadian Programming 14,965,933 16,610,448 10.99 14,029,654 -15.54 12,221,777 -12.89 8,342,153 -31.74 -13.6
Canadian Programming/Revenue (%) 57.88 63.78 - 52.77 - 46.00 - 28.69 - -
Staff
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Total Remuneration ($) 10,797,173 10,940,118 1.32 9,369,678 -14.35 6,903,459 -26.32 6,352,048 -7.99 -12.4
Total Staff Count 81 89 9.88 82 -7.87 69.75 -14.94 65.76 -5.72 -
Average Remuneration ($) 133,298 122,923 -7.78 114,264 -7.04 98,974 -13.38 96,594 -2.40 -7.7
Subscribers
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
8,694,480 8,440,427 -2.92 8,218,462 -2.63 7,941,886 -3.37 7,521,132 -5.30 -3.6
Profitability (%)
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Operating Margin 24.7 22.5 - 33.6 - 39.8 - 59.4 - -
P.B.I.T. Margin 22.8 21.2 - 32.2 - 38.2 - 57.7 - -
Pre-tax Margin 22.8 21.2 - 30.0 - 37.6 - 57.7 - -

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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