Radio & Television

Cost cutting helps boost Q2 profits at ATN

TORONTO - Asian Television Network (ATN) reported net income of $770,194 on revenues of $6.29 million for the second quarter ended June 30, 2014.While operating revenue dropped 8% year-over-year, net profits increased 13% over the same period in 2013, which the broadcaster attributed to an increase in advertising revenue coupled with a reduction in operating expenses.  EBITDA for the quarter was $1.23 million, up 10% from $1.12 million year-over-year.Broken down by segment, ATN's subscription revenues for the period dropped 9% to $4.92 million; advertising revenue fell 9% to $1.21 million; while programming revenue jumped 29% to $124,448.ATN serves Canada’s diverse cultural...
 

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.