Profits nearly double at ATN

TORONTO – Asian Television Network International (ATN) recorded almost $2 million in profits before tax for the first quarter of 2011, a whopping 375% increase year-over-year.Earnings before interest, taxes, depreciation, and amortization (EBITDA) for the quarter were $1.98 million, up from $626,00 last year, while net income was $1.34 million, compared to $519,000 in the first quarter of 2010."We are encouraged by the growth of our business and the trend this sets for the future," said president and CEO, Dr. Shan Chandrasekar, in a statement.ATN operates 33 television channels as well as the ATN Asian Radio on XM 159, the...