GATINEAU, Que. - Cable companies reported modest growth in revenues and subscribers over the past year, while satellite companies saw a decline in both categories, the Canadian Radio-television and Telecommunications Commission said Tuesday.
The CRTC says the number of Canadian households subscribing to basic television service offered by cable companies increased by two per cent to reach 8.7 million for the year ended Aug. 31, 2012.
At the same time, Canadian households subscribing to a satellite company's basic television service decreased by 1.8 per cent to 2.8 million.
The combined revenues for both cable and satellite companies increased by 4.2 per cent, to $14.1 billion in 2012 from $13.5 billion in 2011.
Cable companies reported revenues of $11.6 billion in 2012, which were from basic and non-basic television services as well as Internet and telephone services. That represented an increase of 5.7 per cent from $11 billion in revenues in 2011.
Revenues for satellite companies decreased by two per cent from $2.55 billion in 2011 to $2.5 billion in 2012.
The CRTC says cable and satellite companies employed 2,098 people and paid $188.9 million in salaries, both of which were lower than the previous year. In 2011, they had 2,478 employees and paid $222.1 million in salaries.