ATN reports slim loss on 16% revenue drop

TORONTO – Specialty broadcaster Asian Television Network International last week reported a net loss of $164,029 for the full year ended December 31, 2017.The publicly traded company recorded operating revenue for the year of $20 million, down over 16% over the prior year, but the net loss was kept minimal due to cost-cutting, according to its filings.ATN serves a number of diverse cultural communities with 54 premium specialty television channels on offer in Canada and is traded on the Toronto Stock Exchange Venture.www.asiantelevision.com