CRTC issues annual report on the fortunes of Canadian radio

CRTC issues annual report on the fortunes of Canadian radio
And as more people move their media consumption online, the news for 2017 is fairly predictable. Revenue for cable, satellite and IPTV was down, too, dropping by 2.3%. Every year about this time, the CRTC issues a report on how broadcast radio and television is doing in this country. Earlier this year, they issued a report asking for input on how we should deal with the digital media market in this country. Conventional TV got nailed, seeing a revenue drop of 4.1%. Radio stations on the prairies. Vancouver did especially well in this area. The number of subscribers to these services was also down by 1.9%. Commercial radio stations reported revenues of $1.52 billion for the year ending August 31, 2017. That represents an overall decline of 1.9%. The good news? When you factor TV into the equation, overall broadcasting revenue was $17.3 billion, which is down 3.3% from the previous year. You can read about that report here. However, stations that broadcast in languages other than English and French saw revenues go up by more than 5%. “The pace at which revenues are shrinking is showing signs of slowing down.” That’s…something, I guess. Even on-demand was down by 1.2%. The worst hit area? The CRTC isn’t just standing by, though. That shows exactly how much cord-cutting and pick’n’pay cable packages are hurting, not to mention services like Netflix. That’s the sixth consecutive year the sector has seen a drop.