Youth content wins out over news-Another banner year for specialty and pay television services in Canada
News | 03/30/2000 5:00 am EST
The launch of new channels has once again boosted overall revenues for the specialty television sector, particularly those targeted at young Canadians. According to the statistical and financial summaries for pay and specialty channels released by the CRTC, the industry reported pre-tax profits of $126.7 million on revenues of $1 billion in 1999, an increase of 111.1 per cent. Fifty companies reported, up three from the 1998 figures. The new players are MuchMore Music, CTV Sports Net and TreeHouse.