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Canada’s broadcasting industry shrank last year as television and radio revenue continued to fall, according to data from the federal broadcast regulator.

Total broadcasting revenue dropped 3.3 per cent to $17.3 billion from 2016 to 2017, according to data released Monday by the Canadian Radio-television and Telecommunications Commission based on corporate filings for the year ended Aug. 31, 2017.

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The CRTC’s financial summaries are the latest sign of trouble for traditional media grappling with protracted competition from digital players. Consumers are increasingly streaming video and music over the internet on platforms like Netflix and Spotify, slowly eroding both the number of people flipping on live TV or tuning into radio and the advertising money those audiences attract.

Conventional television station revenue took the hardest hit, falling faster than other industries in the sector. It dropped 4.1 per cent to $1.6 billion. This marks the sixth consecutive year of revenue declines blamed on lower advertising revenue, according to the CRTC.