Kew Media’s profit down due to weaker summer quarter

TORONTO — Film and TV production and distribution company Kew Media Group reported lower revenues and profit in its third quarter of 2019, primarily due to the seasonal nature of production sales, plus the loss of a TV series buyer, Kew Media said late Thursday in a news release.For the three months ended September 30, 2019, Kew Media’s quarterly revenue was $47.5 million, a 10% decrease from its $52.8 million in revenues in the third quarter of 2018. This revenue was comprised of $27.5 million from the company’s Production segment (a decrease of $8.5 million or 23.6% compared to Q3...