Canada’s TV Broadcasting Industry Operating at Net Loss, Sinking Deeper: Stats Can

Canada’s TV Broadcasting Industry Operating at Net Loss, Sinking Deeper: Stats Can
A file photo of a film set. Sam McGhee/Unsplash
Tara MacIsaac
Updated:
0:00
The net financial loss in Canada’s television broadcasting industry has more than doubled in a year, according to new information released by Statistics Canada.

In 2022, the private television industry had a combined net loss of about $350 million after taxes, compared to about $160 million in 2021. Last year’s losses are more than five times its losses in 2020.