BUSINESS
05/04/2016 01:21 EDT | Updated 05/05/2017 05:12 EDT

TV Stations In Canada See Revenue Shrink, Losses Widen

But investment in Canadian programming is up.

vdvtut via Getty Images
Parabolic satellite dish space technology receivers over the city, Toronto, Canada

OTTAWA — Canada's private-sector television broadcasters saw their industry's revenue shrink by $46.6 million and pre-tax losses increase slightly between 2014 and 2015, according to an annual report by their federal regulator.

The CRTC says 93 private-sector TV stations generated $1.76 billion of revenue in the 12 months ended Aug. 31, 2015 — down 2.6 per cent from the previous broadcast year.

The bulk of the industry's revenue came from national advertising sales, which generated about $1.2 billion — unchanged from the previous year.

(Infographic via CRTC)

Local advertising fell one per cent to $330.1 million from $333.6 million in the 2014 financial year.

Despite the reduction in revenue, the CRTC says private-sector TV broadcasters increased investment in Canadian programming to $652.8 million, up $33.5 million from 2014.

The agency requires TV broadcasters to spend a percentage of revenue on content made by Canadians.

(Infographic via CRTC)

At the CBC, advertising revenue fell to $220.1 million from $474.6 million — mainly because of an absence of major sporting events and the loss of NHL television rights starting with the 2014-15 hockey season.

CBC also received $757.9 million from the government, up $32 million, for its 27 TV stations.

CBC's program spending totalled $687.3 million, including $557.2 million for Canadian programming.

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