The Globe and Mail reports in its Wednesday edition Statistics Canada says the country's broadcasters saw profits decline by more than 20 per cent in 2014, partly as a result of the impact of factors such as on-line streaming and mobile viewing on advertising revenue.
A Canadian Press dispatch to The Globe quotes Statscan as saying total revenue for the broadcast television industry dropped 0.3 per cent in the year to $7.6-billion, while profit before interest and taxes fell 22 per cent to $836.8-million.
Advertising sales have fallen every year since 2011 and were off 0.8 per cent to $3.4-billion in 2014.
Meanwhile, programming expenses rose 5.3 per cent in 2014 to $4.8-billion. Private conventional broadcasters, not including specialty channels, have been hit hardest, with air time sales falling $302.5-million since 2011.
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