Local TV ad revenues down

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Canada’s broadcast regulator says revenues dropped for local television stations this past year because of a challenging advertising market.

The Canadian Radio-Television and Telecommunications Commission (CRTC) says local TV advertising revenue dropped more than seven per cent in 2014. Overall revenues fell from $1.94 billion dollars in 2013 to $1.8 billion last year.

During the same period, advertising revenues at CBC increased 43 per cent due to the Winter Olympics, World Cup soccer and Hockey Night in Canada.

Private TV stations including CHCH invested more than $619 million last year in the creation of programs made by Canadians, including local news and drama series, and employed over 5900 people.