Financial Results

• Astral Announces Departure of CFO
  Claude Gagnon, Senior Vice-President and Chief Financial Officer will leave the organization to retire after 20 years at Astral
   
• StatsCan Releases 2010 Television Report
  Operating revenues in the television broadcasting sector grew 8% over 2009.
   
• Corus Praises TV Division for Excellent 2011 Results
  The company said its television segment profit increased 14% to $258.5 million for the fiscal year.
   
• Astral Boss Sees Media Ad Sales Getting Softer
  The company reported revenue of $1.02 billion, for the fiscal year - the first time it has passed the billion dollar mark.
     
• Study Finds Cable Most Profitable Media Sector Over Five-Year Period 
  Despite a difficult operating environment, media and entertainment companies continue to show great resiliency.
   
• StatsCan Releases 2009 Cable and Wireless Report
  The operating revenues of cable and wireless (mainly satellite) television companies increased 10.6% from 2008 to $11.4 billion (current dollars) in 2009.
   
  
• StatsCan's 2009 Television Report
  Canada’s television broadcasting sector reported its lowest year-over-year increase in 12 years in 2009, according to data from Statistics Canada.
   
  
• 2009 Financial Results for Pay & Specialty Services
  In 2009, these services experienced a decline in advertising revenues that was partially offset by an increase in subscriber revenues. Total revenues grew by 6% from $2.9 billion to $3.1 billion, while expenses rose from $2.2 billion to $2.3 billion. 
   
• 2009 Financial Results for Conventional TV
  Private broadcasters saw their total revenues shrink by 7.9%, going from $2.14 billion in 2008 to $1.97 billion in 2009. 
   
• 2009 Financial Results for Broadcasting Distributors
  This sector of the broadcasting industry continued its strong performance as its total revenues grew by $1.1 billion to reach $11.4 billion in 2009.
   
• StatsCan Reports 2008 Cable and Satellite Revenues
  Revenue reported by cable and satellite television companies rose 14.4% in fiscal 2008, the third year of growth exceeding 10%, Statistics Canada said.
   
• CRTC Releases Financial Data for Broadcasters and BDUs
  The big broadcasters and BDUs fought this, but by September 14th, those companies had to file their aggregate financial data from their 2008 fiscal years with the CRTC.
   
• Large BDUs & Broadcasters Must Disclose Finances to Public
  The CRTC will require the owners of Canada’s biggest distributors and broadcasters to publicly disclose aggregate financial data.
   
• StatsCan's 2008 Television Report
  According to Statistics Canada's 2008 Television Broadcasting Report (for the fiscal year ending August 31), operating revenues for the industry totaled $6.5 billion (current dollars) in 2008, up 5.4% from 2007.
   
• 2008 Financial Results for Broadcasting Distributors
  According to data from the CRTC, cable, direct-to-home (DTH), satellite distribution and multipoint distribution system (MDS) companies had revenues of over $10 billion in 2008. 
   
• 2008 Financial Results for Canadian Pay & Specialty Services
  Canadian specialty, pay, pay-per-view television and video-on-demand (VOD) services had revenues of $2.9 billion in 2008, up 7.6% from the previous year.
   
• 2008 Financial Results for Conventional TV
  According to the CRTC, revenues of private conventional TV stations in Canada dropped 1.5% in 2008, while expenses increased by 4%.
   
• StatsCan's 2007 Television Report
  According to Statistics Canada's 2007 Television Report, advertising revenue for the TV sector edged up 1.8% last year.
   
• Financial Results for Broadcasting Distributors
  According to data from the CRTC, cable, direct-to-home (DTH), satellite distribution and multipoint distribution system (MDS) companies enjoyed substantial growth between 2006 and 2007.
   
• Financial Results for Canadian Pay and Specialty Services
  According to the CRTC, Canadian specialty, pay, pay-per-view television and video-on-demand (VOD) services had revenues of $2.7 billion in 2007, up 9.1% compared to the previous year.
   
• CRTC Releases Financial Results for Conventional TV
  Private conventional TV stations in Canada improved their profits before interest and taxes from $90.9 million in 2006 to $112.9 million in 2007.