Business
Canadian conventional TV revenues flat
Ottawa | July 08, 2008 12:01:13 AM IST
Advertising revenue for the Canadian television sector increased only 1.8 percent in 2007, the Statistics Canada agency reported Tuesday. That represents the smallest growth in a decade, although pay-per-view television and video-on-demand revenues increased a substantial 25.8 percent in 2007 to $197.8 million, the report said. Pay and specialty television channels accounted for almost 85 percent of private television profits in 2007, the report said. Public and non-commercial television experienced a drop from $1.3 million in 2006 to $1.2 million in 2007, StatsCan said. Private conventional television advertising revenues nudged up fractionally to $2.1 million, the report said. In 1997, conventional television accounted for 79.4 percent of all TV revenues, but in 2007, it represented only 55.9 percent, the report said. (UPI)
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