ATN hangs Q2 losses on ongoing Internet piracy, illegal media

TORONTO - Asian Television Network (ATN) reported a second quarter net loss of $426,270, a steep drop of 311% compared to Q2 last year, on revenues of $3.96 million for the second quarter ended June 30, 2018.Operating revenue fell 24% year-over-year which the broadcaster said is a result of “increased Internet piracy and consumers shifting towards legal and illegal digital and on-line media,” according to the management discussion and analysis.“The Company is actively involved in Fair Play Canada, a coalition with more than 25 organizations to combat the impact this is having on our subscription and advertising revenue,” ATN said...