200,000 cancelled TV subscriptions last year

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About 200,000 Canadians cancelled their TV subscription last year, those who did not cut the cord helped cable companies offset their losses by paying higher cable fees.

This news comes courtesy the Canadian Radio-television and Telecommunications Commission report.

The broadcast regulator says the overall number of TV subscribers dipped from 11.4 million in 2014 to 11.2 million in 2015.

The average TV subscriber’s monthly bill went from $65.25 in 2014 to $66.08 in 2015.

But more pressure on the revenue side of things compelled TV companies to cut costs, too. They spent less on making Canadian content last year, with the total spend falling by $38.1 million to $436.9 million. And the industry employed 27,244 people in 2015, down 6.3 per cent compared to 2014’s level. – CINEWS

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