Annual profit falls 45% at Asian Television Network to $2.9 million

TORONTO – Net annual income in 2012 at Asian Television Network International Limited (ATN) fell by nearly $2.4 million to $2.9 million on revenues of $27.8 million, compared to a profit of $5.3 million in 2011. "2012 was a transitional year for us at ATN, moving to our new location along with implementing our new broadcast centre, we still managed to record a modest bottom line,” said Kyrill Classen chief financial officer in a statement. "We ended the year on a positive note and we are excited with the upcoming launch of our ATN channel in High Definition" added Dr....