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. Shan Chandrasekar president & CEO.
ATN serves Canada's diverse cultural communities with 35 premium specialty television channels. ATN offers its flagship general interest service, several Bollywood movie channels, and a variety of specialty channels that include three sports channels, three news channels , three music channels , two lifestyle channels, three Chinese channels and several general interest and regional language channels.
ATN operates a South Asian Radio Service on satellite radio cross the United States and Canada. ATN video content is also available on any Bell mobile phone that supports video and ATN has programming alliances with leading international broadcasters.
