ACMA releases Australia's Broadcasting Financial Results 2004-05
The Australian Communications and Media Authority has released the 2004-05 Broadcasting Financial Results for commercial radio and television broadcasters.
The results show that the 53 reporting television licensees achieved profits of A$576.9 million (down by 2.4 per cent compared to 2003-04), with expenditure reported at $3,542.4 million (up by 13.1 per cent compared to 2003-04).
The 274 reporting commercial radio licensees achieved a broadcasting profit of $170.3 million in the 2004-05 financial year (up by 37.8 per cent compared to 2003-04).
The 53 reporting television licensees reported $4,119.3 million in revenue in 2004-05, a 10.6 per cent increase in revenue over the previous year. Similarly, the $947.8 million in revenue generated by radio licensees represents a 10.9 per cent increase compared to 2003-04
The three major television networks (7,9 and 10) and their affiliate licensees generated $4,045.5 million (98.2 per cent) of total commercial television revenue. The Nine Network and its affiliates accounted for $1,644.1 million (40.7 per cent of the major networks’ total), the Seven Network and its affiliates $1,203.1 million (29.7 per cent) and the Ten Network and its affiliates $1,198.3 million (29.6 per cent).
Commercial television licensees spent $1,163.4 million on programming for the 2004-05 reporting period. This represents an increase of 15.7 per cent over the previous year. Of the total programming expenditure, $812.8 million was spent on Australian programs, which represents an increase of 20.5 per cent from 2004-05. However there has been a 1.4 per cent decrease in expenditure on Australian drama in each of the last two years.