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Radio & Television

May 1, 2015 7 years ago

ATN sees 2014 profits fall 15% on soft ad sales

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TORONTO - Asian Television Network (ATN) reported a net income of $366,245 on revenues of $6.81 million for the fourth quarter ended December 31, 2014.While operating revenue was virtually unchanged year-over-year, net profits tumbled 50% over the same period in 2013, which the broadcaster attributed to “stagnant” advertising revenue.  EBITDA for the quarter was $667,307, down 42% from $1.15 million year-over-year.Broken down by segment, ATN's subscription revenues for the period grew 1% to $5.22 million; advertising revenue fell 3% to $1.47 million; and programming revenue climbed 13% to $99,478.For the 12 month period, the South Asian broadcaster posted a net income...
 

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Our industry and COVID-19

We've gathered a number of links where Canadian cable, radio, television, telecom and wireless companies have posted their responses to the Covid-19 pandemic.