ATN sees slower Q1 revenue decline

TORONTO — Asian Television Network International (ATN), Canada’s largest South Asian broadcaster, today reported its consolidated operating revenue decreased 5% to $2.33 million in the first quarter ended March 31, 2021, compared to $2.45 million in the same three-month period of its 2020 fiscal year. According to the company’s management discussion and analysis (MD&A) filed on Sedar, ATN’s subscription revenues declined 4% during the first quarter of 2021 compared to Q1 2020, which had a negative impact on its consolidated income. “The company continues to experience declining revenue from consumers shifting towards illegal Internet piracy boxes. The impact of competition...