Private Television - Financial Summary - Ontario

Conventional Television - Financial Summary 2011-2015

Table of Contents

Reporting Units
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Reporting Units 24 24 24 24 24

Revenue ($)
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Local Time Sales 102,903,682 106,616,492 3.61 100,993,110 -5.27 95,403,338 -5.53 96,214,901 0.85 -1.7
National Time Sales 748,618,444 693,780,479 -7.33 665,109,219 -4.13 628,651,949 -5.48 615,819,711 -2.04 -4.8
Network Payments 1,465,703 1,465,000 -0.05 1,465,000 0.00 1,465,000 0.00 1,342,916 -8.33 -2.2
Infomercials 4,843,911 4,640,575 -4.20 5,718,024 23.22 6,769,705 18.39 5,598,706 -17.30 3.7
Syndication-Production 2,753,234 2,980,674 8.26 3,662,187 22.86 3,307,088 -9.70 1,047,970 -68.31 -21.5
Local Programming Improvement Fund 19,941,447 20,118,375 0.89 13,037,543 -35.20 6,786,080 -47.95 n/a n/a
Small Market Local Programming Fund 2,598,922 n/a
Government Grants & Parliamentary Appropriation 0 0 n/a 0 n/a 0 n/a 0 n/a n/a
Other Revenue 33,254,272 36,261,749 9.04 38,295,663 5.61 37,484,761 -2.12 30,181,541 -19.48 -2.4
Total Revenue 913,780,693 865,863,344 -5.24 828,280,746 -4.34 779,867,921 -5.84 752,804,667 -3.47 -4.7

Expenses ($)
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Program 586,598,771 643,622,807 9.72 617,924,551 -3.99 620,206,984 0.37 600,653,046 -3.15 0.6
Technical 32,116,958 29,187,634 -9.12 29,183,313 -0.01 29,224,896 0.14 28,817,450 -1.39 -2.7
Sales and Promotion 89,739,585 83,986,683 -6.41 68,370,454 -18.59 73,460,554 7.44 70,002,012 -4.71 -6.0
Administration and General 86,653,086 72,265,784 -16.60 75,830,332 4.93 70,984,947 -6.39 74,176,910 4.50 -3.8
Total Expenses 795,108,400 829,062,908 4.27 791,308,650 -4.55 793,877,381 0.32 773,649,418 -2.55 -0.7
Operating Income 118,672,293 36,800,436 36,972,096 -14,009,460 -20,844,751
Depreciation 45,883,490 47,600,883 3.74 47,696,246 0.20 51,270,515 7.49 38,395,712 -25.11 -4.4
P.B.I.T. 72,788,803 -10,800,447 -10,724,150 -65,279,975 -59,240,463
Interest Expense 3,191,549 2,746,025 -13.96 4,526,712 64.85 4,751,593 4.97 7,671,850 61.46
Adjustments Gain(Loss) 1,185,019 -8,124,663 -26,042,747 -52,630,380 -3,006,482
Pre-tax Profit 70,782,273 -21,671,135 -41,293,609 -122,661,948 -69,918,795

Programming (%)
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Prog Expense/Expense Total 73.8 77.6 78.1 78.1 77.6
Prog Expense/Revenue Total 64.2 74.3 74.6 79.5 79.8

Staff
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Total Remuneration ($) 183,305,050 193,241,948 5.42 187,772,231 -2.83 194,443,850 3.55 195,895,491 0.75 1.7
Total Staff Count 2,073.5 2,151.9 3.78 2,028.5 -5.73 2,041.0 0.61 1,995.3 -2.24
Avg Remuneration ($) 88,404 89,799 1.58 92,566 3.08 95,271 2.92 98,179 3.05 2.7
Avg Remuneration Without Fringe Benefits ($) 78,187 79,753 2.00 81,706 2.45 84,004 2.81 85,792 2.13 2.4

Profitability (%)
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Operating Margin 13.0 4.3 4.5 -1.8 -2.8
P.B.I.T. Margin 8.0 -1.2 -1.3 -8.4 -7.9
Pre-tax Margin 7.7 -2.5 -5.0 -15.7 -9.3

CAGR = Compound Annual Growth Rate

P.B.I.T. = Profit Before Interest and Tax

Var = Variation

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