Cable grows and satellite slows: CRTC

Copied from Media in Canada - shutterstock_62956546

Cable companies showed modest growth last year while satellite companies lost subscribers, according to a new report from the CRTC.

Cable companies had 8.81 million subscribers in 2013 up from 8.69 million in 2012, an increase of 1.5%. However satellite companies recorded a 4.8% drop in subscribers, falling from 2.8 million, finishing the year with 2.7 million.

Cable company revenue, which includes internet and telephone service on top of TV subscriptions, grew 6.1% from $11.6 billion in 2012 to $12.3 billion in 2013.

Revenue for satellite companies dipped from $2.5 billion to $2.48 billion, a loss of 0.9%. Overall revenue for cable and satellite companies grew by 4.8% from $14.1 billion in 2012 to $14.8 billion in 2013.

With revenue tied to funding commitments, broadcasting companies spent $477.7 million on Canadian content in 2013, up 5.6% from the previous year.

Of that money, $216 million went to the Canada Media Fund (CMF), $61 million to independent funds, $75 million to the Local Programming Improvement Fund and $125 to cable-based community channels and other sources of local content.

Related: Conventional revenues drop 4.6% in 2013: CRTCSpecialty revenue surpasses benchmark: CRTC

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- From Media in Canada