The margins earned on broadcasts are in free fall at both Bell and Rogers, reflecting the soaring cost of content
announced financial results that featured all the information investors expect – revenue, profit, subscriber gains – but also something unexpected.
Rather, Mr. Bibic highlighted the massive audience for the race on Bell-owned CTV and TSN television networks as proof that the telecom company’s sports-anchored, digital-first media strategy is a winner. Just how much Mr. Verstappen’s victory meant to Bell became clear on Monday, in a report from BMO Capital Markets that detailed the lucrative but challenging dynamics of the country’s sports broadcasting industry.
Bell and Rogers have committed significant capital to media in general and sports in particular. In 2012, the two companies spent $1.32-billion to acquire a 75 per cent stake in Maple Leaf Sports and Entertainment , parent to Toronto’s pro hockey, basketball, football and soccer franchises. In 2010, Bell paid $1.3-billion to take full control of CTV.
In a line, BMO found sports broadcast revenues are rising in absolute term, and as percentage of the total media business, which is all good for the two dominant media platforms. However, EBITDA margins are on a five-year slide, an issue both companies must address.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
'BURNED AT THE STAKE': Lacrosse coach scorched for opinion on transgender athletes in women's sportsA lacrosse coach says she felt like she was \u0022burned at the stake\u0022 after being ridiculed for a social media post about a transgender athlete.
Read more »
Before the Bell: What every Canadian investor needs to know todayA look at Monday morning’s market action
Read more »
Before the Bell: What every Canadian investor needs to know todayA look at Tuesday morning’s market action
Read more »
Saturday's sports scoreboard for Sept. 9, 2023Saturday's Scoreboard CFL Toronto 39 Montreal 10 Winnipeg 51 Saskatchewan 6 Edmonton 25 Calgary 23 --- MLB American League Toronto 5 Kansas City 1 Texas 3 Oakland 2 Tampa Bay 7 Seattle 5 Baltimore 13 Boston 12 Detroit 3 Chicago White Sox 1 L.A.
Read more »
Opinion: Be a mother-in-law, not a monster-in-lawA fair, honest, loving, supportive, non-judgmental, non-competitive relationship takes work on both sides but is possible and necessary to keep peace in a family.
Read more »
Opinion: How power and politics erode moral consistencyCorporations, governments, and political parties often have idealistic mission statements yet fail miserably in upholding them.
Read more »