DHX Media’s write-down leads to $18.4M Q3 loss as CEO hunt starts

HALIFAX - DHX Media saw revenues fall and recorded a $18.4 million net loss attributable to its shareholders for its third quarter ended March 31, 2019.The children's content and brands company said Tuesday that the net loss, which was more than double the loss posted in the same period last year, was impacted by a $34.2 million write-down this quarter related to its investment in film, licensed television programs, acquired content, and intangible assets.Revenue for Q3 2019 revenue was $110.0 million, down from $116.5 million year-over-year. In the quarter, distribution revenue (excluding WildBrain) dropped $5.9 million to was $20.7 million,...