Ad gains can’t offset Q3 losses at ATN

TORONTO - Asian Television Network (ATN) reported a second quarter net loss of $242,657, a steep drop of 945% compared to Q3 last year, on revenues of $3.77 million for the third quarter ended September 30, 2018.Operating revenue fell 27% year-over-year which the broadcaster again said resulted from “increased Internet piracy and consumers shifting towards legal and illegal digital and on-line media” reads the company’s management discussion and analysis, which then referenced its involvement with Fair Play Canada.Net income decreased this quarter primarily as a result of lower operating revenue while fixed costs remained consistent. EBITDA for the quarter plunged...