CBC TV struggling to keep advertising dollars from falling
Sun Media
Published:
January 14, 2020
Updated:
January 14, 2020 1:47 PM EST
The Toronto headquarters of the Canadian Broadcasting Corporation is photographed on April 4, 2012.Aaron Lynett / Postmedia Network / Files
Advertising revenues for CBC TV’s English programming continued their downward trend last year, and less than 1% of the country watched its local dinnertime newscasts, according to Blacklock’s Reporter.
Citing the broadcaster’s annual report, ad dollars fell 37%, from $178 million to $112.5 million. For the French service, ad revenues declined 3%, from $140 million to $136 million.
“There is continued risk that our organization will not remain sustainable as we anticipate the Canadian conventional television advertising market will remain under pressure and the media industry will continue to be disrupted,” wrote management. “In addition, we do not receive inflation funding on the goods and services portion of our budget.”
One reason for the big drop in revenue was the one-time ad sales for the 2018 PyeongChang Winter Olympics in South Korea, although there was a “soft market” for its television programs last year, the report added.
The audience numbers for the 6 p.m. newscasts look bleak across the country. The 27 stations nationwide combined to average 319,000 people, or 12,000 nightly viewers per city.
Story continues below
For CBC’s main network, the total market share was 5% in 2019, down from 8% the previous year. Its cable service, CBC News Network, has a 1.4% share of the market.
“Without a solution, program spending in future years will have to be reduced to match available resources, and some services will have to be reduced,” the annual report said.
The CBC receives $1.2 billion a year from the federal government, and is seeking to acquire more funding through recommended amendments in the Broadcasting Act.
http://blacklocks.ca/cbc-tv-ad-dollars-fall-37
http://torontosun.com/news/national/cbc-tv-struggling-to-keep-advertising-dollars-from-falling
Sun Media
Published:
January 14, 2020
Updated:
January 14, 2020 1:47 PM EST
The Toronto headquarters of the Canadian Broadcasting Corporation is photographed on April 4, 2012.Aaron Lynett / Postmedia Network / Files
Advertising revenues for CBC TV’s English programming continued their downward trend last year, and less than 1% of the country watched its local dinnertime newscasts, according to Blacklock’s Reporter.
Citing the broadcaster’s annual report, ad dollars fell 37%, from $178 million to $112.5 million. For the French service, ad revenues declined 3%, from $140 million to $136 million.
“There is continued risk that our organization will not remain sustainable as we anticipate the Canadian conventional television advertising market will remain under pressure and the media industry will continue to be disrupted,” wrote management. “In addition, we do not receive inflation funding on the goods and services portion of our budget.”
One reason for the big drop in revenue was the one-time ad sales for the 2018 PyeongChang Winter Olympics in South Korea, although there was a “soft market” for its television programs last year, the report added.
The audience numbers for the 6 p.m. newscasts look bleak across the country. The 27 stations nationwide combined to average 319,000 people, or 12,000 nightly viewers per city.
Story continues below
For CBC’s main network, the total market share was 5% in 2019, down from 8% the previous year. Its cable service, CBC News Network, has a 1.4% share of the market.
“Without a solution, program spending in future years will have to be reduced to match available resources, and some services will have to be reduced,” the annual report said.
The CBC receives $1.2 billion a year from the federal government, and is seeking to acquire more funding through recommended amendments in the Broadcasting Act.
http://blacklocks.ca/cbc-tv-ad-dollars-fall-37
http://torontosun.com/news/national/cbc-tv-struggling-to-keep-advertising-dollars-from-falling