Canadian cable sector revenue jumps to $12.5B

The Canadian Radio-television and Telecommunications Commission (CRTC) released a report showing that the amount of revenue gained by cable TV firms, satellite TV companies and other multi-point distribution companies in Canada grew from $11.4 billion in August 2009 to about $12.5 billion in August 2010.

Revenue for the cable companies alone jumped about 9.7 percent during that period, from $9.2 billion to $10.1 billion. Despite ongoing economic pressures, the number of Canadian households with basic cable TV also grew about 2.2 percent to reach 8.3 million subscribers. The neighbors down south may want to ask how they are making it happen.

For more:
- here's the CRTC report

Related articles:
Will higher revenue affect the debate over usage-based billing?
Cable business margins were strong at Rogers after Q1

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