ATN revenues decline, losses mount

TORONTO – Broadcaster Asian Television Network says it is continuing to feel the sting of piracy as its revenue continues to decline, but that it is hopeful the Broadcast and Telecom Legislative Review Panel might have a lifeline for it come January.For the second quarter, ended June 30, operating revenue came in at $2.9 million, down from $3.9 million in the second quarter of 2018. Net loss for the period came in at $941,000, more than double Q2 2018’s $426,000.“Declining revenues are predominantly as a result of increased internet piracy and consumers shifting towards illegal digital IPTV set-top boxes,” reads...