Conventional TV Continues to Lose Money, CRTC Figures Suggest

Traditional television revenues in Canada are steadily trending downward as the appeal of streaming services continues to climb, according to a recently released report. TV revenues fell from $1.49 billion in 2022 to $1.38 billion last year, a more than 7 percent decline, according to Canadian Radio-television and Telecommunications Commission (CRTC) data, as first covered by Blacklock’s Reporter. Traditional television viewership has experienced a consistent annual decline. In the past decade, the amount of time Canadians dedicate to watching television has decreased by 28 percent, the report found. The downward trend of conventional television revenues has long been on the radar of the CRTC, the administrative tribunal that regulates and supervises broadcasting and telecommunications in the country....