Radio / Television News

HD, marketing spend, hits Score’s Q4

TORONTO – While revenue rose at Score Media during fiscal 2009, the company took an EBITDA hit and recorded a net loss for the year ended August 31, 2009.Revenue increased by $2.5 million to $38.9 million for the company whose primary asset is sports specialty channel The Score as it showed increases in TV revenues as well as web and mobile revenues.EBITDA for the year was $3.8 million compared to $5.9 million in the previous year, “due mostly to planned investments in HD programming and marketing,” says the press release.The net loss for the year ended August 31, 2009 was...